Birmingham's Icknield Port Loop regeneration moves ahead with creation of development partnership

14 June 2016

Icknield Port Loop, one of the most significant brownfield regeneration schemes in the UK, has taken a major step forward with the formation of a new development partnership.  Last year, Savills advised Birmingham City Council and the Canal & River Trust on the selection of Urban Splash and Places for People as the preferred development partners for the scheme, and the four parties have now officially come together to form Icknield Port Loop LLP.

The creation of the LLP is the final step in the required pre-development legal processes and the vehicle can now deliver a 43-acre (17-hectare) mixed-use scheme including 1,150 new homes plus commercial space and community facilities.  It is due to be completed in 2026.

Icknield Port Loop sits within the area covered by the Greater Icknield Masterplan, part of the draft Birmingham Development Plan, which includes the delivery of 3,000 new homes and 1,000 new jobs by 2031.

Barry Allen, head of Savills Birmingham, comments: “The creation of this formal partnership is great news for Birmingham as it will deliver of an urban housing site of a scale which can enable real change.  Icknield Port Loop is an excellent example of the public and private sector working together with the best interests of the city in mind.”

Click here for further information on the Canal & River Trust.

 
 

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Barry Allen

Barry Allen

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Development

Savills Birmingham

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Ashley McKeown

Ashley McKeown

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Savills Margaret Street

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