In April 2018, Morgan Sindall Investments Ltd signed a partnership agreement with Herts Living Ltd to form a 50:50 property partnership joint venture to be known as Chalkdene Developments. The purpose of the joint venture is to provide new homes and jobs across the county through a series of housing-led developments on Hertfordshire County Council’s surplus land.
The partnership will focus on 12 locations and have the capacity to deliver in excess of 500 properties, providing much-needed homes across the county in close proximity to existing infrastructure. Capacity has been established, through the OJEU procurement process to extend this to approx. 40 sites with a gross development value of up to £2bn, as stated in the OJEU notice.
The partnership will benefit from working with other companies within the Morgan Sindall Group to enable it to deliver the works at pace. These include the Group’s residential specialist, Lovell Partnerships Ltd, and its Morgan Sindall Construction & Infrastructure Ltd division.