International law firm Trowers & Hamlins has advised City of Wolverhampton Council on its recent acquisition of a strategically important nine acre site, adjacent to the Wyrley and Essington Canal.
The site at Qualcast Road was a former British Steel facility. It is now the largest brownfield site in the city centre and has long been earmarked for residential regeneration and will form a critical part of the Wolverhampton Canalside regeneration area, known as the Canal Side Quarter. The first phase of the proposed regeneration has already seen Council owned land at Horseley Fields made ready for development, and work on the Union Mill site to build about 350 build-to-rent homes is expected to start in 2021.
This high profile regeneration will enable the City to take advantage of the adjoining waterways area and the heritage that comes with it. The project is expected to result in unprecedented levels of investment in these uncertain times, and with the creation of hundreds of new jobs.
Partner Chris Plumley commented:
"We are delighted that we were able to advise the City of Wolverhampton Council on the successful purchase of this important site. It has been rewarding working on this regeneration project as it will contribute towards the creation of hundreds of jobs, which during these difficult times is particularly important."
Stephen Simkins, City of Wolverhampton Council Cabinet Member for City Economy commented:
"We would like to thank Trowers & Hamlins for their support with this transaction. The regeneration project will provide a much needed boost to the local area and will create hundreds of homes that will help meet the ever increasing demand for affordable housing."
