City Centre South - Key investment and development sites

Address: Coventry City Centre, Coventry, CV1 1LF
Size of site: 17 acres (6.9 hectares)
Planning use: Residential, Retail, Leisure
Developer: Shearer Property Group
Planning authority: Coventry City Council

Location: Off Junction 6 off the Coventry ring road, within Coventry city centre 

Description: Delivering a major retail and leisure led regeneration scheme linked to Friargate, the £200m City Centre South project will transform the city centre and has outline planning consent to deliver a new anchor store, shops, a cinema, restaurants, hotel and car park parking.

Outline Planning Approval was granted for the City Centre South scheme in April 2021.

City Centre South presents an outstanding investment opportunity to provide a mixed use regeneration scheme in a strategically important location. Mixed use regeneration scheme in southern end of city centre covering Bull Yard, Shelton Square, Market Way, City Arcade and Hertford Street

• Site occupies a strategic location in the heart of the city centre, which links directly with both Friargate scheme and CCC’s new ‘The Wave’ leisure centre 
• Estimated Gross Development Value approx. £300m+ 
• £98.8m funding secured from West Midlands Combined Authority 
• Shearer Property Group has been appointed as the developer to deliver the scheme which will transform the city centre, significantly improving the quality of Coventry’s retail, housing and leisure offer and delivering a step change in people’s perceptions of the city 
• This new and improved environment will increase footfall to the city centre and significantly broaden the catchment shopper population through the delivery of a modern, and future proofed, city centre experience 

Following the development of City Centre South, Coventry is expected to elevate its position to become the second largest retail destination in the West Midlands.

• Friargate
• Upper Precinct
• The Wave
• Coventry Station Extension