Investment arm Morgan Sindall Investments Limited has signed contracts with Bournemouth Borough Council for the Bournemouth Town Centre Vision scheme, as tipped by the Enquirer last summer.

The scheme has a development value of between £350m and £500m and is a 50/50 joint venture Public Private Partnership between Bournemouth Borough Council and Morgans Sindall.

Work will involve a range of residential and mixed-use development including leisure attractions, new housing, shops and offices across 17 sites in the town centre.

Morgan Sindall will provide funding for the on-going development of projects, matching the land value contribution of Bournemouth Borough Council.

The firm is also providing long-term master planning, detailed site development planning, property management and design and construction.

Surpluses generated by the partnership will be reinvested in improvements to the town’s infrastructure and public spaces.

The joint venture partnership will benefit from the delivery capability of Morgan Sindall and housing regeneration specialist Lovell on a number of projects in development over the maturity of the contract.

Ernie Battey, Executive Chairman of Morgan Sindall Investments Limited, said: “We are delighted to be bringing our expertise in major urban regeneration and the delivery of community-based public-private partnership projects to this exciting scheme which is set to help transform and rejuvenate the centre of Bournemouth.”