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Liverpool-based contractor Tysons is pioneering a new form of joint venture with urban development corporations.In a negotiated deal for an office development, Tysons is to receive 0.8 ha from Merseyside Development Corporation.MDC is guaranteeing rental income for five years to cover Tysons' costs if tenants cannot be found. Profits from the development will be shared equally.Environment minister Tony Baldry announced the deal this week at a high-level conference on private financing ...

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