The regeneration of the centre of Wolverhampton has picked up pace with building work starting on a city council backed development.

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Interchange 10, a major development offering high quality, Grade A office accommodation - the first of its kind in the city - will go up as part of the wider Interchange scheme, which will see the redevelopment of the railway station and Metro stop.

Wolverhampton City Council has invested £10.6 million in the project which will attract further investment, create jobs and form part of the new central transport hub.

The scheme will become the gateway to the city for people arriving in Wolverhampton from the national rail network or by bus.

Wolverhampton City Council's Cabinet Member for Economic Regeneration and Prosperity, Councillor Peter Bilson, was joined by the developer partners yesterday (Thursday 13 November) to see the first part of the structure put in place.

Councillor Bilson said: "We can now see the start of construction work on the office buildings - the only top grade office accommodation in our area.

"It is a major milestone for this leading city centre regeneration project which will create jobs and attract further investment.

"The city council has invested £10.6 million in the scheme which highlights our commitment to the delivery of long term growth for Wolverhampton. Seeing building work get underway is hugely encouraging for people and business in Wolverhampton and demonstrates confidence and optimism in the city to potential investors."

The project is being delivered with Balfour Beatty and Neptune Developments.

Steve Parry of Neptune Developments said: "The Grade A office space, along with new leisure and retail facilities, will keep up the momentum of the Interchange project and send out a clear message that Wolverhampton city centre is a place to locate."

Balfour Beatty's Director of Operations, Northern Major Projects, Dave Ronan added: "As a contractor with a focus on sustainability Balfour Beatty is committed working with Wolverhampton City Council and Neptune Developments to deliver for the people and economy of Wolverhampton.

"We will be procuring a high proportion of supply chain partners for this project locally, supporting the studies of engineering and construction students at the nearby university, and employing apprentices as we work to deliver this Grade A office and retail development."

Planners gave the Interchange 10 project the green light in March 2014 and the site has already attracted significant interest from a number of potential retailers and businesses. The project should be completed by the end of 2015.

  • released: Friday 14 November, 2014