William Eichler Friday, March 22, 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

Principal Policy Planner

The Royal Borough of Windsor & Maidenhead
£46,355 - £50,355 per annum
We have an exciting opportunity for a Principal Policy Planner to join us! Maidenhead, Berkshire
Recuriter: The Royal Borough of Windsor & Maidenhead

Revenues Officer - Business Rates

The Royal Borough of Windsor & Maidenhead
£30,193 - £34,104 per annum
We have an exciting opportunity for a Business Rates officer to join us! Maidenhead, Berkshire
Recuriter: The Royal Borough of Windsor & Maidenhead

Specialist Social Worker

North Yorkshire Council
£42,839 - £47,181
More capacity. More prevention. Better outcomes. Scarborough, North Yorkshire
Recuriter: North Yorkshire Council

Team Manager Child Permanence and Family Reunification

North Yorkshire Council
£51,356 - £55,539 per annum
We are offering an excellent opportunity for a Team Manager to join our highly acclaimed service Scarborough, North Yorkshire
Recuriter: North Yorkshire Council

Social Worker – Family Assessment & Support Team (FAST)

North Yorkshire Council
£38,220 - £42,839
More capacity. More prevention. Better outcomes. Northallerton, North Yorkshire
Recuriter: North Yorkshire Council
Linkedin Banner