Birmingham Retail Investment Doubles to £202M; Merry Hill 96% Let
CSGP•CSGP•CSGP•CSGP•CoStar’s data shows Birmingham’s retail investment rolling 12-month average hit £202 million in Q1, doubling the five-year annual average and marking a 10-year high. The 1.4 million sq ft Merry Hill centre is now over 96% let after a £125 million refurbishment, with footfall rebounding to 15 million.
CoStar’s analytics reveal that Birmingham’s retail investment rolling 12-month average reached £202 million in Q1, double the five-year annual average and the highest level since 2016, reflecting renewed confidence in the city’s retail market.
The 1.4 million sq ft Merry Hill shopping centre achieved over 96% occupancy following a £125 million investment that added 300,000 sq ft of new and upgraded space; footfall climbed to 15 million in 2025 and sales grew 4.3% year-on-year.
Investor sentiment has softened due to geopolitical tensions, leading to more selective dealmaking and stabilized pricing momentum, contrasting with the stronger transactional pace seen earlier in the year.
