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Brentwood names Morgan Sindall as regeneration partner

Brentwood Borough Council has announced Morgan Sindall as its preferred joint venture partner for regenerating local authority sites.

The award of the contract is subject to full council approval, but it is the first time in the borough’s history that such a partnership has been entered into.

If approved, the joint venture will be owned 50/50 by the council and Morgan Sindall.

Morgan Sindall is backed by a large lending consortium including Barclays, RBS, Investec, Aviva and Pluto Capital.

‘This is the largest and most significant project Brentwood Borough Council has ever undertaken,’ said council leader, Cllr Louise McKinlay.

‘I am delighted that Morgan Sindall has been selected as the preferred partner after an extremely rigorous process and commend the company for the dedication and innovation it has shown,’ she added.

‘We have a grand vision of what we want our Town to become and this opportunity is a once in a lifetime chance to make this a reality. 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 added: ‘Morgan Sindall Investments is delighted to be selected to partner with Brentwood Borough Council. The 50:50 JV will mean the Council can retain control over how its land is developed and the pace and scale of that development. We are looking forward to bringing our expertise which has delivered excellent results elsewhere.’

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