{"id":64722,"date":"2019-10-11T09:31:08","date_gmt":"2019-10-11T08:31:08","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=64722"},"modified":"2019-10-11T09:31:09","modified_gmt":"2019-10-11T08:31:09","slug":"brentwood-development-partnership-to-transform-the-borough","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/brentwood-development-partnership-to-transform-the-borough\/64722\/","title":{"rendered":"Brentwood Development Partnership to transform the borough"},"content":{"rendered":"\n

Brentwood Borough Council and Morgan Sindall Investments have formed a joint venture, the Brentwood Development Partnership<\/a>, to redevelop Brentwood<\/h2>\n

The Brentwood Development Partnership will provide new homes, mixed-use developments, public spaces, and commercial and leisure facilities\u00a0on the council\u2019s land.\u00a0<\/p>\n

Through the partnership, Morgan Sindall<\/a> will deliver funding and commercial expertise to\u00a0bring forward redevelopment to transform Brentwood<\/a> Borough.\u00a0<\/p>\n

With a potential contract value of up to \u00a31bn, the partnership\u2019s concession period is for 30 years.\u00a0<\/p>\n

Brentwood Borough Council leader, councillor Chris Hossack, said: \u201cThis formal signing now allows us to move forward and start realising the ambitions we have to ensure Brentwood\u2019s legacy as a place for families to live, work and support their families.<\/p>\n

“I look forward to seeing the partnership delivering on this new initiative.\u201d<\/p>\n

The announcement marks the latest long-term local authority partnership that Morgan Sindall has entered into.<\/p>\n

Morgan Sindall Investments will draw on its experience of working in collaboration with councils across the UK. Its current joint ventures include partnerships in Bournemouth, Hertfordshire and in Slough.<\/p>\n

Wes Erlam, managing director of Morgan Sindall Investments, added: \u201cMorgan Sindall Investments is delighted to have achieved this milestone with Brentwood Borough Council.<\/p>\n

\u201cWe look forward to working together to optimise opportunities from a portfolio of developments and responding to the changing needs of Brentwood\u2019s community over time.\u201d<\/p>\n

The Brentwood Development Partnership will manage certain properties that are developed and there will be opportunities for the Council to acquire affordable housing properties.<\/p>\n

In addition, the council is acting as a central purchasing body through which other local contracting authorities in Essex may procure a similar partnership with Morgan Sindall Investments.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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