finance

Shearer Property Regen Ltd Advances City Centre South to Serve Local Housing and Commercial Needs

The Coventry-based developer has secured planning consent for the first phase of a major regeneration scheme delivering new homes and workspace.

By Coventry Business Desk · Published 25 July 2026

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Shearer Property Regen Ltd obtained planning consent for the first phase of the £450 million City Centre South project, which includes 991 new homes and 8,000 sq m of new commercial space. This step marks concrete progress on a scheme aimed at meeting local demand for housing and business premises in the city centre.

Why the project addresses current local needs

Coventry residents and businesses require additional homes and workspace close to existing transport links and retail areas. The City Centre South scheme targets underused sites to provide these facilities directly within the urban core rather than on the outskirts. The West Midlands Combined Authority is investing £110 million into the regeneration scheme, which will transform areas including Bull Yard, Shelton Square, and Hertford Street.

Supported developments and timelines

Preparation work for City Centre South has commenced, including site fencing and the closure of City Arcade. Full construction is scheduled to start in summer 2025, with first homes expected in early 2027. These dates provide a clear sequence for delivery of the consented homes and commercial floorspace. A separate commercial scheme by US firm Panattoni involves a 47-acre site in Longford for a £135 million net-zero logistics park called Panattoni Park Coventry with outline consent for 600,000 sq ft of logistics space. Another approved facility, the 420,000 sq ft SEGRO Park Whitley South near Baginton, adds further logistics capacity on the city's borders.

Next steps for delivery

With consent in place and site preparation underway, the focus moves to construction mobilisation ahead of the summer 2025 start. Local businesses and residents can monitor updates through the project website at coventrycitycentresouth.co.uk for information on phased openings and any community engagement events once works progress.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.