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Office/Commercial
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Urban Regeneration
Interchange Commercial District
A mixed-use city centre development with offices adjacent to the £150m Interchange transport hub.
Located in a unique waterside location, Interchange Commercial District is in an enviable city centre location at the heart of Wolverhampton’s integrated transport network.
These opportunities within the Wolverhampton Interchange Commercial District form the next phase of a highly successful city centre mixed-use regeneration programme with unrivalled connectivity to Birmingham, Manchester and London.
The £150m transformation within the Commercial District area has created an integrated commuter hub and modern railway station servicing more than 4.7 million passengers a year, incorporating improved facilities for motorists and cyclists, as well as extended Metro services.
Interchange 8 will be the city’s largest office development at Interchange and, as a net-zero-carbon development, will have the best environmental credentials of any building in the city. Its predecessors, the recently completed i9 and i10, have been runaway success stories – attracting blue-chip businesses with excellent covenant strength to Wolverhampton, and setting new standards building upon Wolverhampton’s rich historic architectural merit.
The building design will enable future tenants to operate the space as a net-zero-carbon office facility. Precisely controlled and optimised mechanical ventilation via the floor design in winter, and natural ventilation when acoustics, air quality and outdoor weather allow, together with energy efficient features, will assist both the landlords’ and tenants’ energy use, keeping it below the Green Building Council NCZ requirement of 35 kWh/m² NLA/year. The structure facade and building elements will limit the embodied carbon to less than <700 kg/m².
Aligned to Interchange 8, the site at Broad Street offers the opportunity to further develop the Commercial District with a new hotel offer, which will serve to capture latent demand in the Wolverhampton market for new, high-quality hotel accommodation.
Proposals for the northern part of this site include the delivery of a 153 bedroom hotel. Operated and managed by an international hotel brand, the hotel will satisfy the strong underlying demand from Wolverhampton’s diverse cultural, tourism and business offer and events programme. The project will act as a catalyst to kick-start the redevelopment of this high-profile regeneration area.
Steam Mill and Sackworks are two key sites neighbouring the city’s new railway station in the ownership of the Wolverhampton Interchange partnership. Together they bring the opportunity for over 163 apartments, plus office and leisure-led development adjacent to the city’s historic canal. The positioning of the sites at the gateway to the city’s wider Canalside South area offers the potential to introduce improved connectivity, linking new residential populations with the Commercial District.
Key facts
- Wolverhampton has the potential around the transport interchange to grow its office offer by up to 87,000m² net office space over ten years. This would allow the city to capitalise on its location and connectivity as a commercial office quarter of regional significance.
- The centrepiece is i9, a distinctive new landmark office building within two minutes’ walk of the railway station and five minutes from the city’s retail centre. Offering Grade A office space, the building was almost fully let prior to completion in 2021 and is home to the Department for Levelling Up, Housing and Communities’ second UK headquarters.
Investment location
Why invest in Wolverhampton?
Wolverhampton has been backed by the UK government in February’s Levelling Up White Paper to continue to deliver even more ambitious regeneration projects across the city. This is a strong endorsement of the work of City of Wolverhampton Council, who have an impressive track record of delivery in partnership with a range of public and private sector organisations.
With £4.4 billion worth of investment on site or planned, the face of our city is changing through the creation of a wealth of attractive opportunities for developers and investors. Prime examples of this collaborative working are the award-winning £1 billion i54 Business Park, the £150 million Interchange transport hub, the £17.5 million National Brownfield Institute at the University of Wolverhampton’s Springfield Campus and the £16 million construction of the i9 office complex – now home to the Department for Levelling Up, Housing and Communities’ second headquarters.
With 10,000 new homes planned, the potential for another 1 million ft² of office space, opportunities in retail, leisure and hospitality and an enviable portfolio of heritage buildings, Wolverhampton is a prime location for investment in the heart of the UK.
Insight for investors
- Type of investment sought: Opportunities for occupiers, buyer, equity investor, operators
- Value: £100m+ GDV
- Site size: 9.31 hectares
- Jobs: 1018
- Timescale: Immediate
- Delivery timescale: 1-10 years
- Planning status: As part of local area plan; outline application being prepared for Interchange 8