Birmingham Alliance

Birmingham Alliance: The Birmingham Alliance. In 1999, Hammerson and Land Securities, two of the UKs leading position developers and Henderson Global Investors, unmatched of the UKs largest investment funds, joined forces to combine their various(prenominal) interests in Birmingham city centre. The pioneering three-way joint venture hatful an industry model which has since been increasingly emulated across the UK. Consideration to St Phillips space group: Head: Tony Verduyn Martin Edwards, partner and head of the renowned veritable Estate Disputes team at Martineau commented: This entire situation could fool been avoided with a longer consultation process, with the Council giving the traders reasonable front notice of its intention to close the market and putting in place a workable contingency plan with the traders agreement. This is a warning to the Council that the Wholesale Market traders are not outlet to sit by quietly and accept decisions that affect their livelihoods without go up a real fight. Hammerson and Hines? To recap, the 21 acre site is the biggest exploitation opportunity in the city centre and Hammerson has stepped forward and approached US developer Hines to partner it for a major mixed-use scheme. Hammersons involvement with this site couldnt keep lynchpin come too soon.

Not only does the REIT have a proven track record of delivering in the city, its involvement could sign up a more inclusive approach to dealing with one of the citys key kingdom assets. -Brindley Place (HINES) -Two Snowhill (HINES) -Bullring (HAMERSON) overlap risk? Public- private cooperation i.e. selling public owned land (BCC) to private developers (REIT) i.e. Park Central recycling money back into land Viability of the site: i.Wider economic trends ii.Finance capital and property as an investment commodity iii.Role of the State: policy, planning frameworks iv.Social and cultural shifts Conclusion: opportunity for the investment, development and consultant communities... If you want to quiver a full essay, order it on our website: Orderessay

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