Joint venture created to acquire brownfield sites
Developer Promenade Estates has signed a joint venture agreement with BXB, the specialist land remediation and planning business with a track record in buying constrained land.
The agreement will see special purpose vehicles formed to acquire individual brownfield sites from PLCs, government agencies and utilities.
It will use BXB’s remediation and planning skills to bring the land to market as ‘clean’ development sites, with most expected to appeal to house builders.
The move is in response to the Government’s agenda... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...