Arden Cross agrees deal with major developer

Arden Cross Limited, the consortium behind the £3.2 billion, mixed-use commercial and residential destination next to Birmingham Airport, has agreed a landmark development deal with national developer Muse.

The agreement will see the 140 Ha (346-acre) Arden Cross regeneration move forward with one of the UK 's leading names in mixed-use development.

Muse will partner Arden Cross in pushing ahead with plans to create 3,000 new homes, up to 6 million sq ft of employment space and up to 27,000 new jobs. The first phase of development could come forward as early as 2025 with a range of facilities and employment opportunities created.

The link up with Muse comes after Arden Cross Limited recently signed a Memorandum of Understanding (MOU) with University Hospitals Birmingham (UHB) and with the University of Warwick to explore opportunities for bringing forward a new Medical & Technology Campus to deliver world-beating innovation in the healthcare and technology sectors.

Wider partners in the development which forms part of the UK Central Hub also include HS2, Department for Transport, Solihull Metropolitan Borough Council and the Urban Growth Company who are working together to deliver a range of shared priorities.

Ben Gray, project director with Arden Cross Ltd, said: "Arden Cross is focused on delivering sustainable growth for the region and the whole of the UK and we know Muse will help us achieve this. We 're committed to working together to capitalise on the masterplan principles and deliver transformational change for the region while creating a world leading economic hub for the UK in a unique public-private partnership that leverages the superb connectivity of Arden Cross. '

Maggie Grogan, development director for Muse, said: "This is a truly unique opportunity to bring forward a landmark destination for the UK that 's a beacon for growth in the Midlands and we 're immensely proud to be joining the team. ”

Pictured: Ben Gray and Maggie Grogan