Suffolk County Council has chosen Lovell Partnerships as preferred bidder for a joint venture which will build nearly 3,000 homes on council land involving development with a gross value of £700 million over the next 15 years. Five sites have been identified in Lowestoft, Mildenhall, Bramford, West Row and Newmarket with space for around 2,800 homes plus new schools, employment land and open spaces. Contracts are expected to be signed in the spring and the 50/50 joint venture set up in the summer. The proposals also include an option for further sites to be delivered by the jv on surplus council land.
Cllr. Richard Smith, Suffolk CC cabinet member for economic development, said: “This will help meet the needs of the people of Suffolk, provide much needed social housing and new community facilities and provide value for tax payers. The partnership will also generate significant funds for the council over the long-term for strategic expenditure and investment.” Lovell Partnerships is part of Morgan Sindall Group, and is involved in jv's with councils across the UK. The partnership will work with other Morgan Sindall companies and local suppliers to deliver the Suffolk homes.
Lovell managing director Steve Coleby said: “Partnership working is at the heart of what we do and we share our partner’s ambitions for high quality new homes, climate resilience and maximising opportunities for local communities in the places we will be creating together.” Suffolk CC was advised on the procurement process by Concertus Design and Property Consultants, Avison Young property consultants and legal advisors Pinsent Masons.
