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

Compliance and Monitoring Officer - Braintree District Council

Essex County Council
Up to £20.0000 per hour
Compliance and Monitoring Officer - Braintree District CouncilBraintree, Essex Full-Time, Temporary 37 Hours per Week 6 Months Contract £20.00 PAYE / England, Essex, Braintree
Recuriter: Essex County Council

Residential Assistant

Essex County Council
Up to £25959.0000 per annum
Residential AssistantPermanent, Part Time£25,959 per annum (full time equivalent) Location
Recuriter: Essex County Council

Personal Advisor

Essex County Council
£33049.0000 - £37698.0000 per annum
Personal AdvisorFixed Term, Full Time£33,049 to £37,698 per annumLocation
Recuriter: Essex County Council

Community Safety Service Manager

Bristol City Council
£72,878 - £80,741
We are seeking a highly motivated and experienced community safety expert to join our senior leadership team.  Bristol
Recuriter: Bristol City Council

Painter

Durham County Council
£36,040 p.a. (Made up of £24,027 salary plus £12,013 p.a Interim Operational Allowance)
Durham County Council have an exciting opportunity for the role of a permanent Painter working within Corporate Property and Land, Strategic Facilitie Durham
Recuriter: Durham County Council
Linkedin Banner