Andy Street has announced that a deal has been done between WMCA and Legal & General, in which the latter will invest £4bn over the course of 7 years.  Focus will be on unlocking sites for new commercial developments, build-to-sell and build-to-rent housing, and all with a significant focus at climate-friendly and innovative schemes.

The announcement follows the launch of the WMCA Public Land Charter, which sets out 10 key principles to bring forward land and regeneration opportunities in the region, targeting speed of delivery and effective partnering between the public and private sectors - again focusing on innovation in disposals and redevelopment.

This comes hot off the heel of the release of the West Midlands 2022 Investment Prospectus, showcased at MIPIM this year.  With WMCA's approach looking at 'brownfield first', there are clear plans for significant regeneration across the region.

WMCA has clearly been listening to the market - developers and contractors have long been calling out for a dynamic and and consolidated approach to bringing schemes forward to market so that they can in turn afford to invest in innovation and delivering a better built environment; a key theme of the Construction Playbook.