Mott Mac pulls out of Watford LABV

29 February 2012 Mott MacDonald has withdrawn as a shareholder from one of the four consortia bidding for the Watford Health Campus local asset-backed vehicle (LABV).
The technical advisory firm had planned to move into new territory by being a major shareholder in the consortium, rather than simply providing advice on the project.

However, it is understood the company became uncomfortable with the consortium, and so decided not to continue its involvement as part of the group.

The consortium will now be led by Chesham Estates, and will continue to bid for the scheme against John Laing, Vinci and Kier.

Mott MacDonald may still provide technical advisory services on the deal. Despite the move, the firm is still interested in becoming a shareholder in future bids for LABV schemes.

In Partnerships Bulletin’s March issue, the company’s Steve Newcombe discusses prospects for a new funder-led model for the LABV concept.

For more information on the project, click here.

This page was last updated on:
29 October 2014.

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