Winner chosen for Slough LABV

20 September 2012 A preferred bidder has been named on Sloughís £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.

This page was last updated on:
4 September 2015.

thumb

Corbynmania: The final nail in PFIís coffin?

As the Labour leadership frontrunnerís bandwagon continues to roll, his popularity offers another chance to attack privately financed infrastructure

thumb

In Scotlandís Future he Trusts

Heís the man at the top of the Scottish Futures Trust, but Sir Angus Grossartís roles, interests and experiences take him to the heart of all Scottish life.

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...