William Eichler 18 April 2018

Council signs joint venture agreement to deliver 500 homes

Hertfordshire County Council has signed a joint venture agreement with developers Morgan Sindall Investments to deliver an estimated 500 new properties.

The new company, known as Chalkdene Developments, will be a 50:50 partnership between the council’s property company, Herts Living Ltd and Morgan Sindall Investments’ subsidiary, Community Solutions for Regeneration (Hertfordshire) Limited.

Morgan Sindall Investments is a part of the construction and regeneration company, Morgan Sindall Group.

The partnership, which is contracted to be in effect for 15 years, will focus on 12 locations and have the capacity to deliver in excess of 500 properties.

It also has the potential to deliver schemes under the Government’s One Public Estate initiative, a national development programme delivered by a partnership of the Local Government Association (LGA) and the cabinet office Government Property Unit (GPU).

It could also work on behalf of other public sector authorities in addition to Hertfordshire County Council.

‘This win demonstrates the potential for our Investments division to become a meaningful contributor to Group profits,’ said John Morgan, chief executive of Morgan Sindall Group.

‘It also reflects our ability to leverage our diversified portfolio of businesses to offer our partners and customers a comprehensive solution spanning strategic partnerships and project delivery.

‘We understand how important the development of new housing is for Hertfordshire and are excited to have the opportunity to work with Herts Living in achieving the council’s vision.’

Steve Faber, managing director of Herts Living, commented: ‘We are delighted to be working with Morgan Sindall Investments to deliver new, high quality, sustainable houses that will help the county to meet the needs of its growing population, reduce the housing shortage and provide much needed social housing and community assets.

‘Doing this will also release significant capital over the long term for strategic expenditure and investment.’

Making payment processes smarter  image

Making payment processes smarter

It can be challenging to find the right software to streamline payment processes. Lewis McKenna-Crisp argues SmarterPay has the ideal solution for councils.
SIGN UP
For your free daily news bulletin
Highways jobs

Technical Support Officer

Wyre Borough Council
Grade 5 £25,992 – £27,711
This is a really exciting time to join Wyre Council, with a new Leader and Chief Executive leading our next chapter. Poulton-Le-Fylde, Lancashire
Recuriter: Wyre Borough Council

Residential Worker

Essex County Council
£27934.00 - £35344.00 per annum + + 26 Days Leave & Local Gov Pension
Residential WorkerPermanent, Full Time£27,934 up to £35,344 Per Annum (includes allowance) equal to £14.48 to £18.32 Per HourLocation
Recuriter: Essex County Council

Early Years Keyworker

Royal Borough of Greenwich
£37,068 - £38,058
Want to make a difference for children with special educational needs in Greenwich? Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Early Years Area SENCo

Royal Borough of Greenwich
£39,855 - £42,324
Have you got extensive experience in working within Early Years, with a clear understanding of child development Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Young Persons Substance Misuse Service Pathfinder

Royal Borough of Greenwich
£31,524 - £32,931
Are you looking to change the lives of young people? Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich
Linkedin Banner