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

SEND Participation Engagement Officer

The Royal Borough of Kensington & Chelsea Council
£40,404
You’ll also represent young people’s perspectives at service level meetings and champion robust safeguarding practices London (Greater)
Recuriter: The Royal Borough of Kensington & Chelsea Council

Social Worker, Young People with Disabilities (16 - 25)

Essex County Council
£36124.0000 - £51834.0000 per annum
Social Worker, Young People with Disabilities (16 - 25) mid TeamPermanent, Full Time£36,124.00 to £51,834.00 Per Annum Location
Recuriter: Essex County Council

Head of Housing Management

Redbridge London Borough Council
£89,037 to £92,538
You’ll enhance our emphasis on quality assurance and getting things ‘right first time’ – making better use of technology in our approach London (Greater)
Recuriter: Redbridge London Borough Council

Head of Local Taxation

Redbridge London Borough Council
£79,119 - £82,368
This is a key leadership role in the Council, with responsibility for the effective and efficient collection of business rates and council tax London (Greater)
Recuriter: Redbridge London Borough Council

School Crossing Patrol Officer - Vacancies across Essex

Essex County Council
Up to £13.46 per hour
School Crossing Patrol Officer - Vacancies across EssexPermanent, Term Time£13.46 per hourLocation
Recuriter: Essex County Council
Linkedin Banner