Gracechurch sale could be a catalyst for regeneration - Chamber
Business leaders in Sutton Coldfield hope the sale of the Gracechurch shopping centre will be a catalyst for the town centre 's much-anticipated regeneration.
The centre 's takeover by BGP and SAV Group was announced last week, with the new owners hailing the site 's “immense potential ” and vowing to create a “modern living, working and leisure space ”.
A company spokesperson said: “We're committed to closely collaborating with local authorities and eagerly anticipate sharing our forthcoming plans. ”
Royal Sutton Coldfield Chamber of Commerce has been part of a Town Centre Regeneration Partnership which was formed in 2018 to bring together key stakeholders to shape a future vision for Sutton Coldfield town centre.
This includes delivery of a masterplan featuring a number of 'big moves ' to reshape the town centre.
Phil Arkinstall (pictured), president of the Royal Sutton Coldfield Chamber, hopes the sale of the Gracechurch proves to be an important step in attracting investment.
He said: “We as a Chamber hope that the sale of the Gracechurch Centre will be a positive move for the Royal Town.
“Our town centre needs investment and bringing into the 21st century. We hope this acquisition will be a catalyst for progress and getting spades in the ground before too long. ”
Meanwhile, the town 's MP Andrew Mitchell described the deal as a “key moment. ”
He said: "I believe this is a key moment - Sutton Coldfield residents care a great deal about their town centre.
"They will be hoping that BGP and SAV Group will bring new investment and a clear strategy that will revitalise Gracechurch.
"We have massive investment confirmed which will create a new transport gateway to welcome visitors to the town centre, an excellent masterplan that sets out a clear vision going forward, and residents, businesses and retailers who are determined to see the town flourish.
"In many ways, the sale of Gracechurch could be seen as the final piece in the jigsaw that will create the momentum needed to make real progress."
