Investment Property News - Bueno Investments Limited

Around 1,500 homes could be built on the former MG Rover site in Longbridge, Birmingham, if new plans for the area are approved.

Approximately 6,000 people found themselves out of work when the car plant
closed in April 2005, but under the new proposals shops, offices and
residential properties will be constructed.

It is believed the scheme could cost up to £500m if the scheme is given the
go-ahead.

The plans also include provision for a shopping complex and a revamped
railway station, and Bournville College could also relocate to the plot.
The improvement project was announced by Birmingham City Council leader Mike Whitby, George Lord, the leader of Worcestershire County Council, and Roger Hollingworth, the leader of Bromsgrove Council.

Councillor Lord said: "Longbridge is not only the biggest regeneration
project in the Midlands, but one of the most important, the eyes of both our
residents and the nation will be on us, so we are determined to succeed."

The plans will go before a full council meeting of Birmingham City Council
on January 8, and if they are approved, they will be passed on to Bromsgrove
Council. They will then be formally submitted to the Government for final
approval.

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http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.buenoinvestments.com/uk_property_commercial.php (Commercial
property)

http://www.birmingham.gov.uk/ (Birmingham City Council)