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Bournemouth Development Company LABV

Bournemouth Borough Council and Morgan Sindall Investments signed a deal to create the country’s second-largest Local Asset Backed Vehicle earlier this year.BCC plans to commit up to 16 publicly owned car parks to the LABV, which will be developed into a mix of housing, business and leisure facilities.The agreement is set to last for up to 20 years and represents a development value worth up to £500 million.The deal is structured as a series of interlinking ...

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