Project Information
Project name: TORBAY LABV
Project description:

Torbay Council is seeking a partner to carry out redevelopment work on several sites across the English Riviera. The council will provide land in Torquay, Paignton and possibly Brixham, with the private sector partner putting in cash to kickstart regeneration work.

19/04/2012: The authority confirmed it will not be going forward with its Local Asset Backed Vehicle (LABV) procurement, following recommendations by the Torbay Development Agency (TDA) board.

Related articles:
20/04/2012 - Torbay drops regeneration PPP
31/10/2011 - Torbay LABV back up for grabs
27/03/2011 - McAlpine wins Torbay LABV

Type: PPP
Sector: Housing & regeneration
Region: UK
Current status: Abandoned - 19/04/2012
Contract Terms
Duration: 20 years
Capital value: £500.00m
Public Sector Procuror Details
Authority/Commssioning body: Torbay Council
Public sector contact: Torbay Development Agency
Tel: +44 (0)1803 208 973
Public sector advisors: Grant Thornton - Financial Advisors
Sweett Group - Technical Advisors
Bevan Brittan - Legal Advisors

This page was last updated on:
24 April 2012.


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