Birmingham received a major economic boost today as John Lewis confirmed that New Street station will be the location for their new city department store.
The announcement was made at an event in Birmingham attended by David Higgins, chief executive of Network Rail.
David Higgins said: “Network Rail is helping to rebuild Birmingham by transforming New Street. The project is about much more than simply redeveloping the station.
“Today’s deal is a further sign that our plans are critical to the long term success of the city and will create new jobs and help stimulate economic growth. These exciting changes are happening as a direct result of the investment being made to improve Birmingham’s transport infrastructure.”
The new store will directly create 650 new jobs and Birmingham City Council estimates that the store will boost the local economy by over £25 million per annum.
Andy Street, managing director, John Lewis said: “Together with a progressive city council and Network Rail, we are pleased to play our part in the regeneration of Birmingham city centre. We will deliver a landmark, long-term investment and quality job creation. This project fulfils John Lewis’s longstanding ambition to bring our unique retail and employment offer to Birmingham. Our presence in Birmingham will also enhance competition, choice and quality for the benefit of regional shoppers.”
Mike Whitby, Leader of Birmingham City Council added: “I am delighted that John Lewis will be joining the Birmingham retail family. We have been working to secure their presence in the city for over two years now, and to see the fruits of our negotiation borne out today is phenomenal. Not only will their presence bring 900 new jobs, and create an extra £100m of investment, it will enhance what is already a spectacular new development of New Street station – and enhance our reputation as a city to do business in.”
The new store will be located alongside the Birmingham New Street redevelopment on a site to the south side of the station. Network Rail will construct the new store alongside the rebuilding of New Street station. The station will remain open for passengers and train services throughout construction.
Subject to planning approval, it is anticipated that the new store will open in 2014.