Morgan Sindall signs up for £1bn JV with Brentwood council

By Hamish Champ2019-03-22T06:00:00

Contractor’s investments arm will fund housebuilding programme for east London borough

Morgan Sindall’s investment arm has been chosen as Brentwood council’s preferred partner to fund the borough’s plans to build new homes and other schemes for the next 30 years.

The joint venture with the council, worth a potential £1bn, has still to be approved by the council, but Morgan Sindall Investments said its appointment followed “an extensive and competitive procurement process in which it saw off 15 rival firms”.

Once approval is given – a decision is expected in a matter of months – Morgan Sindall’s Investments arm will provide funding to help the council speed up the delivery of new homes and a range of other improvement schemes.

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