The site overlooks the Walsall Canal on Town Wharf. Chartwell land, the property arm of retailer Kingfisher, developed the first phase with the Town Wharf Retail Park.

The council is due to complete the selection process before Autumn 2002. Cushman & Wakefield Healey & Baker is advising the council, and Partner Joanna Embling said: 'We are delighted with the very high calibre of shortlisted candidates. All three names have an excellent track record in delivering innovative regeneration schemes. There is no doubt that whoever is chosen as the preferred partner will make the most of such a brilliant waterfront opportunity.'

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