Martineau Galleries Birmingham
Martineau Galleries is a high quality mixed-use development that creates an entirely new destination in Birmingham City Centre.
OPPORTUNITY
The opportunity for investment is available in partnership with Hammerson PLC on the first and following phases.
Hammerson as an owner/manager and developer of prime real estate across Europe is also a committed Investor/developer in Birmingham with its long term ownership of Bullring and Grand Central in the heart of the City. Hammerson has a strong and significant track record of successful placemaking and city centre regeneration across the UK.
Promoter / Partners: Martineau Galleries Limited Partnership
Scale: £1bn GDV
Sector: Mixed use including commercial, residential, food, beverage, retail and hotel
Location: Birmingham City Centre
Investment Type: Funding partner for phased development
Programme: Phased delivery commencing 2024 through to 2034
Planning Status: Outline planning consent granted for the entire scheme
Website: www.martineaugalleries.co.uk
BACKGROUND
Located on a 30,000m2 site in Birmingham city centre, Martineau Galleries is a development of strategic importance for the city and the whole region. Sitting at the heart of the growing transformation of the city centre landscape, the site is part of the wider Birmingham Curzon HS2 masterplan for growth.
The proposed mixed-use development presents an outstanding opportunity to transform the area with up to 255,000m2 of approved development. The redeveloped site will incorporate the new Albert Street tram stop as part of the ongoing Eastside tram extension and will also provide significant areas of new high-quality public realm.
DESCRIPTION
The proposals will regenerate The Square Shopping Centre and Dale End (High Street) car park and include up to 1,300 new homes, up to 130,000m2 of workspace, restaurants, cafes, shops, and a new 200 bed city centre hotel.
The development incorporates significant new public spaces, two public squares, streets and a boulevard forming a signature gateway to Birmingham from the forthcoming adjacent high speed Curzon rail terminus as well as the planned expansion of Moor Street station with frequent services to London Marylebone.
The scheme when completed will create a vibrant new neighbourhood in the centre of Birmingham, transforming the area and bringing high quality public space for both residents and visitors to enjoy.
PROMOTER AND PARTNERSHIPS
The project promoter is Hammerson PLC through the Martineau Galleries Limited Partnership. In 2017 Hammerson were the first property company globally to launch a set of comprehensive targets to be Net Positive for carbon, water, resource use and socio-economic impacts by 2030.
Hammerson has a strong forward thinking approach to sustainability aligning with the rising ESG expectations and requirements of the investor community.
LOCATION
The Martineau Galleries site currently includes The Square Shopping Centre, King’s Parade and Dale End (High Street) car park. The site forms a significant part of Birmingham city centre, with strategic links to the wider area. The development will create a permeable neighbourhood that extends the High Street and embraces key future connections including high speed rail, train, tram, bus networks and the tram extension creating a natural flow through the city.