Winner chosen for Slough LABV
20 September 2012
A preferred bidder has been named on Slough’s £1bn local asset-backed vehicle (LABV) scheme.
Contractor Morgan Sindall Investments has won the contract to deliver a series of developments over a 15-year period.The investments arm of the firm will draw on support from two other firms within its group – Lovell Partnerships and Morgan Sindall – to deliver the work, which includes a new library and community centre, new secondary school and a new leisure centre including ice rink.
Under the first tranche of residential work, Lovell Partnerships will provide 525 new homes.
“The LABV approach provides flexibility, ensuring that the council can respond to the community’s changing needs over time,” said Paul Smith, chief executive of Morgan Sindall Group. “We understand how important this project is for the community and look forward to delivering high quality developments.”
For more information on the project, click here.
