Land Securities Group PLC announces that its property outsourcing business Land Securities Trillium and Mill Group have now completed the formation of a joint venture company, Investors in the Community Group Limited. As announced on 11 January 2006, the 50/50 joint venture will be expanding key parts of Mill Groups existing Investors in the Community programme and will build on the ongoing collaboration between the two organisations which already involves a joint bid for a Building Schools for the Future (BSF) project.
Investors in the Community aims to cement its leading position in the BSF and community Public Private Partnership (PPP) markets through investment in new socially responsible projects. It is short-listed for four BSF projects and will continue to seek additional opportunities in this and other markets.
Source: Land Securities