Contractor Announced for UK Regeneration Scheme

8 August 2010 (Last Updated August 8th, 2010 18:30)

Morgan Sindall has been selected as the development partner for the £500m ($794m) regeneration scheme in the town of Bournemouth in the UK. The contractor's investment arm will form a joint venture public private partnership to be known as the local asset-backed vehicle partnership to de

Morgan Sindall has been selected as the development partner for the £500m ($794m) regeneration scheme in the town of Bournemouth in the UK.

The contractor’s investment arm will form a joint venture public private partnership to be known as the local asset-backed vehicle partnership to deliver the scheme over the next 20 years.

Bournemouth council will allocate several parcels of land to the partnership, which will oversee long-term masterplanning and detailed site development.

The firm will outline an initial three-year plan for the site, which will help improve the town’s infrastructure with new public spaces.