Morgan Sindall Investments is working in partnership with Bournemouth Borough Council to deliver its Town Centre Master Vision, a major regeneration project to bring new homes, offices, retail opportunities, tourism attractions, business development and improvements to infrastructure and the public realm.
As Private Sector Partner, Morgan Sindall Investments is working with the Council as equals to establish a Local Asset Backed Vehicle, a joint venture set up for a term of 20 years to deliver local regeneration outcomes.
The Council and Morgan Sindall Investments each hold a 50% equity stake, committed through land asset transfers by the Council and a commensurate cash contribution per site by the private sector partner. The partnership is delivering residential and mixed-use proposals for 16 hectares with further potential development opportunities by way of acquisition and further joint venture activity.
As a Member and Development Manager, Morgan Sindall Investments is providing a full suite of strategic development services to the LABV partnership from long term master planning and AAP integration to detailed site development planning and execution including design, build, funding, sales and off-take, as well as long-term investment, acquisition and property management. Development management services are provided in accordance with Bournemouth's vision and the partnership's long term business planning objectives. The partnership is managed to balance capitalisation and financial viability with the achievement of wider regeneration outcomes.
By offering a dedicated supply chain of construction, residential and affordable housing providers from within the Morgan Sindall Group, and from a panel of strategic partners, Morgan Sindall Investments offers the LABV partnership and Bournemouth Borough Council an affordable and low-risk development service, meeting local requirements to ensure delivery of key strategic development across leisure, retail, residential, affordable housing and office accommodation.
Morgan Sindall Investments is providing development, funding, delivery and business management capacity and expertise as a natural extension to its considerable Public Private Partnership experience in the provision of community outcomes across education, health and social care, affordable housing and wider public sector infrastructure. By working closely with our regeneration partner as well as our construction and residential delivery partners within the Morgan Sindall Group, flexibility by way of strategic risk sharing, innovation and certainty of delivery are provided for the benefit of rejuvenating Bournemouth town centre.