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

Quality and Review Support Assistant

Durham County Council
Grade 4 £26,427 - £27,709 (Pro rata)
Applications are invited for the above post within the Quality and Review Team. WHAT IS INVOLVED? You will provide administrative, clerical and typ Spennymoor
Recuriter: Durham County Council

Business Services Senior Co-ordinator

Durham County Council
Grade 7 £31,015 - £34,811
An exciting opportunity has arisen within Business Services for two Business Services Senior Co-ordinators on a temporary basis for 12 months.   We ar Peterlee
Recuriter: Durham County Council

Enhanced Teaching Assistant

Durham County Council
£29,071 - £32,046 pro rata
The Head Teacher and Governing Body of Tudhoe Moor Nursery School wish to appoint a confident, enthusiastic and highly motivated person to join our Ea Spennymoor
Recuriter: Durham County Council

Business Services Senior Co-ordinator

Durham County Council
Grade 7 £31,015 - £34,811
Are you an experienced administrator who enjoys supporting people, leading a team and making sure services run smoothly? A fantastic opportunity has Durham
Recuriter: Durham County Council

Instrument Repair and Maintenance Technician

Durham County Council
Grade 6 - £29,071 - £32,046 pro rata, per annum
An exciting opportunity has arisen at Durham Music Service for an Instrument Repair and Maintenance Technician (Grade 6) on a 0.2 FTE fixed-term contr Durham
Recuriter: Durham County Council
Linkedin Banner