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

Travel Trainer (Ealing)

Essex County Council
Up to £28621.00 per annum
Travel Trainer (Ealing)Permanent, Full Time£28,621 per annumLocation
Recuriter: Essex County Council

Chief Executive

National Association of Local Councils
£competitive
We are looking for an exceptional senior leader with a strong record of leading change London (Greater)
Recuriter: National Association of Local Councils

Visitor Experience and Events Assistant

North Yorkshire Council
£13.28 - £13.92 per hour
We are looking for friendly front of house staff able to work flexibly including evenings and weekends Skipton, North Yorkshire
Recuriter: North Yorkshire Council

Supervising Social Worker, Mid Essex Fostering Team

Essex County Council
£38487.00 - £51834.00 per annum
Supervising Social Worker, Mid Essex Fostering TeamFixed Term/ Secondment up to 2 years, Full Time £38,487 to £51,834 Per Annum Location
Recuriter: Essex County Council

Kitchen Porter

North Yorkshire Council
£13.28 per hour
We are now looking for new members of our F&B team working under our Head Chef. Scarborough, North Yorkshire
Recuriter: North Yorkshire Council
Linkedin Banner