- Morgan Sindall Group said it had been selected as Brentwood Borough Council's preferred joint venture partner to deliver a long-term programme of developments.

The 50-50 venture a potential contract value of up to £1bn.

It would provide new homes, mixed-use developments, public spaces, commercial and leisure facilities on the council's portfolio of land.

Morgan Sindall said it would deliver funding and commercial expertise to bring forward redevelopment at pace and scale. The partnership's concession period was for 30 years.

At 9:27am: [LON:MGNS] Morgan Sindall PLC share price was -8p at 1312p

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