Planning consent has been secured by M7 Developments from Solihull Borough Council for a 780,000 sq ft phased, mixed use redevelopment of “The Green”, a 47 acre brownfield site in Solihull.

The redevelopment of The Green will provide up to 570 new homes and includes a total of 154 senior living units, which are being developed by McCarthy & Stone and Restful Homes, and 145,000 sq ft of commercial space for up to five car dealerships, including a prestige showroom for Aston Martin, which is due to commence construction in the Autumn.

Hugh Ellingham, CEO of M7 Developments, said: “The Green is a complex and sizeable brownfield regeneration project and this planning success is a major step forward as we begin to realise our vision for the scheme. Working closely with our partners and a responsive local planning authority, the project is really starting to take shape. Having launched M7 Developments earlier this year, this is also a strong illustration of how the depth and breadth of M7’s activities is expanding, and we have several brownfield projects in the pipeline that we look forward to undertaking in the future.”
M7 has secured funding from Merseyside Pension Fund to finance the project, replacing a UK clearing bank. It was advised by Mayfair Capital Investment Management.

The first residential units are expected to complete in late 2020, with the overall redevelopment of the site targeted for completion in around 2024. The project is expected to generate circa 475 jobs.

M7 Developments, advised by Savills, recently completed the sale of the first phase of the residential development to the premium housebuilder Charles Church, part of Persimmon Plc, who will develop 242 homes ranging from one bed apartments to four bed houses.