Morgan Sindall preferred bidder for Bournemouth regeneration

6th Aug 2010 08:44

Morgan Sindall, the construction and regeneration group, said its investment unit has been named preferred partner for the Bournemouth Town Centre Master Vision regeneration scheme. The scheme, which will run for 20 years and has a development value of between £350m and £500m, is a 50/50 joint venture Public Private Partnership between Bournemouth Borough Council and Morgan Sindall Investments Limited (MSIL). The partnership, which forms part of the Council's wider Town Centre Vision, will help spearhead the regeneration of the town centre delivering a range of residential and mixed-use schemes which will include leisure attractions, new homes, office accommodation and shopping. Paul Smith, chief executive of Morgan Sindall, said: "We are delighted to be named preferred bidder on the Bournemouth Town Centre Master Vision and look forward to developing our relationship with Bournemouth Borough Council throughout the scheme's life-cycle.""This further expands MSIL's growing portfolio of projects and enhances our reputation to deliver projects that require integrated investment and construction capabilities."