Lendlease wins £1.5bn Birmingham Smithfield deal

Birmingham City Council has selected Lendlease as its development partner to deliver its £1.5bn Smithfield project.

Lendlease saw off competition from a Delancey-led partnership for the 34.6-acre development in the city centre, which is expected to deliver 2,000 new homes and more than 3m sq ft of commercial, retail and leisure space.

Liam Fox, secretary of state for international trade, said: “[The investment] demonstrates the significant potential of the Midlands Engine region at a time when overseas investment into the UK is at its highest level ever.

“The Department for International Trade is committed to encouraging investment