Laura Sharman 02 August 2019

Brentwood Council signs £1bn joint venture

Brentwood Council signs £1bn joint venture image

A £1bn joint venture to deliver new homes, public spaces and local facilities has been agreed between Brentwood Borough Council and Morgan Sindall Investments.

The Brentwood Development Partnership will deliver a programme of developments over the next 30 years.

The council will contract through its wholly owned property company, Seven Arches Investments Ltd.

It will also act as a central purchasing body through which other local contracting authorities in Essex can procure a similar partnership with Morgan Sindall Investments.

Leader of the council, cllr Chris Hossack, said: ‘This approach to delivering new investment will allow us to retain control over how our land is developed, as well as the rate and extent of that development.

‘It is a real opportunity to allow the community to thrive and grow, and by redeveloping the borough over the longer-term we will be helping to improve the lives of people living and working here.’

Good luck Liverpool image

Good luck Liverpool

Intervention can be the best thing that happens to a council, ‘and can serve only to define the past not the future’, says Jo Miller. But the cause of the failure must be recognised and the right series of actions taken, she believes.
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