30 March 2017
Gowling WLG's real estate team has advised Birmingham City Council on the sale of land at Battery Park in Selly Oak to the University of Birmingham.
The completion will pave the way for the site to start its transformation into a life sciences campus. Birmingham City Council had been overseeing the reclamation of the site, which was first carried out by Sainsbury's and Land Securities, who will continue to use the remainder of the site as a retail park.
The University will now see through the development, which is likely to house world class research facilities. Additionally, the University will be responsible for attracting investors and organisations to locate to the life sciences site. It is expected that up to 2,400 jobs will be created on site, and upon completion, an expected turnover of around £250 million will be generated
Gowling WLG's real estate partner Nisha Jassal led the matter for Gowling WLG, with the team including Robert Caddick, Lee McBride and Gemma Whittaker, combining the team's expertise in advising on major real estate projects with a remediation element.
Nisha commented: "The sale of this historic piece of land will provide an exciting new chapter for both the University of Birmingham and the city itself. The Council's focus is to regenerate these sites to help Birmingham progress and develop and the expected transformation of Battery Park into a specialist life sciences centre marks an exciting future for the city."
Birmingham City Council has been working alongside Billfinger GVA throughout the process. The deal was completed on 21 March 2017 and plans for the first phase are expected to commence over the next 12 months.