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FEATURE


REGENERATING THE EAST MIDLANDS


that developers are prepared to make brave decisions to ensure that the Midlands can continue to regenerate to meet demand. At Farrow Walsh we’ve certainly been involved in these conversations where ambitious schemes are brought to the table. Commercial property has improved significantly in


quality in the region over recent years, with much of this growth focused on major cities such as Nottingham, Derby and Leicester. At Farrow Walsh we have seen a particularly big focus on the renovation of industrial spaces into offices, gyms and retail units. It’s encouraging to see the area’s former manufacturing


heritage being repurposed for the modern economy. Regeneration projects involving the Midlands’ retail centres could also be essential for the region to attract new investment and jobs. For example, the upgrades to the Highcross Centre in


Leicester and the planned redevelopment of the Broadmarsh Centre in Nottingham are crucial projects to ensure that cities in the Midlands can challenge larger competitors for shoppers. All of this means that, after a number of false starts,


schemes such as the Midlands Engine are starting to have an impact on the regeneration of the Midlands. In order to maintain this momentum, it is important that national and regional decision makers and business leaders are prepared to make brave decisions to ensure that the region’s major infrastructure, as well as commercial and residential property sectors, can keep up with demand and bring the further investment and growth required to overcome market challenges.


‘It’s encouraging to see the area’s former manufacturing heritage being repurposed for the modern economy’


72 business network July/August 2019


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