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

Elections Officer

Hyndburn Borough Council
£27,711 – £30,060 per annum
Are you an organised and detail-oriented professional with a passion for democracy? Accrington, Lancashire
Recuriter: Hyndburn Borough Council

Economic Development Officer

Hyndburn Borough Council
£36,124 – 37,938 per annum
Hyndburn is an attractive area set in the heart of Pennine Lancashire, within easy reach of Manchester, the lakes and the Coast. Accrington, Lancashire
Recuriter: Hyndburn Borough Council

Public Health Officer

North Yorkshire Council
£41,511 - £45,718 per annum
We are seeking to recruit a Public Health Officer to join our supportive and high achieving public health team at North Yorkshire Council. Northallerton, North Yorkshire
Recuriter: North Yorkshire Council

Communications Team Leader

Mansfield District Council
£38,626 - £42,708 per annum (pay award pending)
We're looking for a talented Communications Team Leader Mansfield, Nottinghamshire
Recuriter: Mansfield District Council

Principal Housing Enforcement Officer

Durham County Council
Grade 11 £39,513 to £43,693 per annum
We are looking for two experienced housing professionals with the ability to effectively plan and manage a high-volume and complex housing enforcement Seaham
Recuriter: Durham County Council
Linkedin Banner