Joint Venture for Development of Multiple Sites in Bracknell Forest

Descriptions

Bracknell Forest Borough Council (the ”Council”) has the ambition of delivering development in Bracknell and beyond. In order to realise this ambition, the Council is seeking to procure a private sector partner (‘PSP’) with whom to establish a 50:50 joint venture (‘JV’) development vehicle.The JV will be responsible for delivering multiple development schemes throughout Bracknell Forest. The Council will commit sites to the JV for development and may also provide funding via loans or equity contributions. It is anticipated that the PSP will provide funding, services to the JV or directly to the Council. Such services may include (amongst others) construction services and development management services.The Council intends to create a flexible structure to allow developments to proceed through various delivery methods.This may include sites being transferred by the Council to the JV or sites being retained by the Council with the JV and/or the PSP providing construction services.