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Morgan Sindall have been named preferred bidder for a major regeneration scheme in Bournemouth that will be worth up to 拢500m.

The scheme is a PPP project that will run over 20 years and will built new homes, accommodation, offices, leisure attractions and mixed use facilities for the seaside resorts town centre. It will be split 50/50 between Morgan Sindall Investments (MSIL) and Bournemouth council.

Morgan Sindall will provide master planning, detailed site development planning, property management and design and construction services for the project, said to be worth between 350 and 500m.

Paul Smith, chief executive of Morgan Sindall Group, said: 鈥淲e are delighted to be named preferred bidder on the Bournemouth Town Centre Master Vision and look forward to developing our relationship with Bournemouth council throughout the scheme鈥檚 life-cycle. This further expands MSIL鈥檚 growing portfolio of projects and enhances our reputation to deliver projects that require integrated investment and construction capabilities鈥�.