New Developments in Birmingham 2024

Birmingham – otherwise known as the UK’s second city – is one the most populated cities in the country. With forecasts anticipating a population of over 1,240,000 by 2030, Birmingham is expanding to meet the growing demands of its residents.

From fresh amenities to additional transport links, the new developments in Birmingham are working to transform the city into a connected hub of neighbourhoods and contemporary living solutions.

Not only are these new additions expected to catalyse up to 19.9% price growth by 2028 according to JLL, they will also continue to raise the profile of the second city. Attracting more residents to the West Midlands, these new developments in Birmingham will create a domino effect of property growth and additional regeneration across the city.

Many of the new developments in Birmingham centre heavily on transport. Not only is Birmingham housing an integral station in the HS2 project, but the Midlands Metro Extension is further building on the accessibility of the second city. 

The upcoming Midlands Metro Extension comprises multiple distinct phases, which will eventually work towards transforming Birmingham into a 15-minute city. The first phase of this project – which connects Centenary Square and Birmingham Westside – completed in 2019 and laid the foundations for the second phase. In 2022, the Metro expanded to Brindleyplace, Five Ways, Edgbaston and Hagley Road.

However, the Metro upgrades won’t stop there – a new connection is scheduled for Wolverhampton Train Station, an additional connection from Eastside to Deritend, and a further link between Wednesbury and Brierley Hill. This won’t just improve connectivity throughout the city of Birmingham, but will improve accessibility across the broader West Midlands.

Set in the heart of Birmingham’s prestigious Jewellery Quarter is the upcoming SETL development of stylish one and two bedroom apartments. Scheduled for completion in the latter half of 2024, SETL is set to become one of the most in-demand destinations for working professionals across Birmingham.

With amenities such as a rooftop garden with city views, communal lounge, and a wellness studio for fitness and exercise, it’s clear that the developers HBD have considered every single detail when planning this premium development. With city centre developments such as SETL anticipated to achieve yields of up to 6%, and tenant demand in Birmingham set to soar, we anticipate that this development will be immensely popular with investors.

Paradise is one of the most well-known new developments in the centre of Birmingham, which is not only enticing more global businesses to the city, it is also adding to Birmingham’s unrivalled hospitality sector. 

This mixed-use development comprises several distinct phases, having already delivered numerous office spaces. Housing the likes of Mazars, PwC and Knights, Paradise continues to play a key part in expanding the city’s commercial district with exciting new Birmingham developments. Paradise will also be home to new residential skyscraper the Octagon, which is due for completion in 2025 and will bring 370 build to rent homes into the heart of Birmingham.

With a forecasted completion date of 2028, Paradise will eventually be a hub for living, working and socialising. The final phases of this project will welcome a variety of new amenities, including restaurants, bars and a premium hotel – all at the heart of Birmingham’s expanding business district.

Birmingham Smithfield has been coined a ‘once-in-a-generation opportunity’, with extensive plans of regenerating the city’s most creative neighbourhood – Digbeth. Not only does this project intend to craft a new retail destination for Birmingham, it also has ambitious aims of positioning Digbeth as one of the UK’s biggest hotspots for tourism, business and retail.

While this regeneration scheme will transform Digbeth, it will continue to pay homage to its distinct character. Over the years, Digbeth has become Birmingham’s very own Camden Town, and with the addition of sustainable, unique developments, this investment plan will only build upon the neighbourhood’s creativity.

This £1.9 billion joint venture is in the process of being finalised, with a forecasted completion date of 2037. Despite the length of this project, Birmingham Smithfield is expected to contribute over 100,000 new jobs to the city, as well as catalysing billions of pounds worth of investment into the local area.

HS2 is the biggest transport scheme in the UK, and Birmingham will play an integral role in the overall project. Due for completion in 2029, the Curzon Street Station will shorten the commute between Birmingham and the capital to just 45 minutes. 

The wider Curzon Street Station Investment Plan will further regenerate surrounding areas to attract more transient tenants to Birmingham. Over the course of 30 years, this plan aims to deliver 34,000 new homes and around 36,000 new jobs, demonstrating how these Birmingham new developments will continue to boost the local economy.

The new developments in Birmingham spread far and wide, with the New Garden Square project set to regenerate Edgbaston and introduce a wealth of new additions to the city. This £330 million project will not only welcome new Grade A office spaces, but it will transform Edgbaston into a mixed-used hub. 

With 392 build-to-rent apartments arriving in Edgbaston in the coming years, along with a wealth of new amenities, this elaborate regeneration scheme will be a mindful extension of the city centre. When combined with the Midlands Metro Westside Extension, these Birmingham new developments will put the city on its way to becoming an inter-connected hub of several unique neighbourhoods.

Although we’ve listed some of the most significant new developments in Birmingham for 2024 and beyond, this is far from an exhaustive list. Additional Birmingham developments projects underway include…

Ringway Centre

As possibly the longest single-fronted retail unit in the UK, the Ringway Centre spans 230 metres, and is set to be demolished soon in a bid to create prime city-centre accommodation on the sought-after Smallbrook Queensway. With plans to create approximately 1,750 new homes in the Ringway’s place, the landscape of Birmingham’s city core is set to change significantly over 2024 and beyond.

Old John Lewis

The former flagship John Lewis store within Grand Central Station is set to be repurposed into The Drum, a mixed use development. With office spaces, a gym, eateries, a roof garden and events space, The Drum is set for completion in 2025 and is set to become an iconic Birmingham new development.

Typhoo Wharf

Set to become the new home of the BBC, the former Typhoo Tea factory will see the BBC relocate from its current Mailbox headquarters. The Digbeth-based former factory will become a hub for creativity not just in Birmingham, but across the UK, and is set to open in time for 2026.

Beorma Quarter

This upcoming mixed-use project in Digbeth is set to bring commercial office spaces, homes, and even a hotel to the city core. Spanning 93,000 metres square, the £200 million Beorma Quarter project will sit adjacent to the Bullring, offering optimal convenience for residents and businesses alike.