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

Fostering Panel and Data Performance Advisor

Essex County Council
£55892.0000 - £69241.0000 per annum
Fostering Panel and Data Performance AdvisorPermanent, Part Time£55,892 to £69,241 to per annum (full time equivalent) Location
Recuriter: Essex County Council

Freedom of Information (FOI) Officer - Braintree

Essex County Council
£32319.00 - £36900.00 per annum
Freedom of Information (FOI) Officer - Braintree District CouncilBraintree District CouncilPermanent, Full Time£32,319 up to £36,900 per annumLocation England, Essex, Braintree
Recuriter: Essex County Council

Corporate Director - Planning

Dorset Council
£97,966 - £126,181
Do you share our ambition for Dorset? Dorset
Recuriter: Dorset Council

SETDAB Senior Communications Officer

Essex County Council
£37435.0000 - £44041.0000 per annum
SETDAB Senior Communications OfficerFixed Term, Part Time 28 Hours Per Week£37,435 to £44,041 Per Annum Full Time EquivalentLocation
Recuriter: Essex County Council

SEL Fostering Hub Programme Manager

Royal Borough of Greenwich
PO6 (£54,267 - £57,402)
The role will provide strong programme management oversight, ensuring projects are well planned, effectively delivered London (Greater)
Recuriter: Royal Borough of Greenwich
Linkedin Banner