The new £73m GDV development scheme, known as Phoenix 10, is located in Walsall and will be delivered by the Group’s property development business, HBD, in partnership with Walsall Council and Homes England. The 44-acre site has lain derelict for two decades and could now see as many as 1,100 new jobs return to the former home of the James Bridge Copper Works.
The project will deliver up to 620,000 sq. ft. of industrial and logistic space, attracting new jobs and investment and supporting the creation of a strong regional economy.
The Black Country LEP and the West Midlands Combined Authority (WMCA) are supporting the project with funding for the site remediation phase of works.
Remediation works are expected to begin this year, subject to planning permission, laying the groundwork for development to begin in 2023, with completion expected in 2027.
Simon Raiye, Director at HBD, said: “This is the largest undeveloped brownfield site in the Black Country – while it is a challenging site, it’s extremely well-located and has huge potential. Phoenix 10 will bring a major economic boost to Walsall and the wider region, attracting new business and investment and creating much-needed new jobs. 20 years is a long time for a site to lay derelict so we’re really looking forward to getting started with remediation works and bringing it back into use.”
