William Eichler 22 March 2019

Council announces joint venture worth £1bn

Brentwood Borough Council has announced a new contract with Morgan Sindall Investments to deliver new homes and commercial facilities.

The joint venture aims to deliver new housing, mixed-use developments, public spaces, and commercial and leisure facilities on council land.

Morgan Sindall Investments will provide the funding and commercial expertise.

The joint venture, which is planned to last 30 years, has a potential contract value of up to £1bn. It is, however, still subject to full council approval.

‘This is the largest and most significant project Brentwood Borough Council has ever undertaken and will produce the most comprehensive opportunity for redevelopment in our borough,’ said Brentwood Borough Council leader Louise McKinlay.

‘The partnership will allow us to make use of council land to build the vital homes and facilities our community needs. At a time of ongoing time squeezed local government funding, the profits raised will help to protect against making cuts to frontline services.

‘Our residents will, over the coming months and years, be able to see a real change that will build on our heritage and create a Town of the future for generations to come.’

Wes Erlam, managing director of Morgan Sindall Investments, said: ‘Morgan Sindall Investments’ selection by Brentwood Borough Council underscores our position as a leading local authority JV development partner.

‘We are looking forward to making a real difference to communities in Brentwood through our successful JV partnership model, which has been delivering excellent results in Bournemouth and Slough where we have been working successfully since 2011 and 2013 respectively.’

Photo: © John Winfield

SIGN UP
For your free daily news bulletin
Highways jobs

Residential Workers

Durham County Council
Grade 7, £31,015 - £34,811 per annum
Residential Workers - Opportunities are available across the County Durham Area Salary
Recuriter: Durham County Council

Hub Assistant

Durham County Council
Grade 5 (£27,274 -29,542) Grade 6 (£29,071 - £32,046) Grade 7 (£31,015 - £34,811) Grade 8 £33,673 - £37,563)
An opportunity in Highways Services for a Hub Assistant       This is a career graded post from Grade 5 to Grade 8.    WHAT IS INVOLVED? You will supp Durham
Recuriter: Durham County Council

Team Leaders

Durham County Council
Grade 8 £33,673 - £37,563 per annum
Team Leaders – Opportunities are available across the County Durham Area   Salary
Recuriter: Durham County Council

School Crossing Patrol

Durham County Council
Grade 1 £4,478 (approx.) £13.27 per hour
Join our School Crossing Patrol Service!   Are you punctual and reliable? Do you have good communication skills and a strong sense of community spirit Durham
Recuriter: Durham County Council

School Crossing Patrol

Durham County Council
Grade 1 £4,976 (approx.) £13.27 per hour
Join our School Crossing Patrol Service!   Are you punctual and reliable? Do you have good communication skills and a strong sense of community spirit Ferryhill
Recuriter: Durham County Council
Linkedin Banner