Torbay Council has announced that a deal expected to be worth over £100m is on the horizon.
The Devon council said this "monumental agreement" comes as a direct result of Torbay Council's participation in the 海角视频's Real Estate Investment & Infrastructure Forum (海角视频REiiF) annual event in Leeds.
Alan Denby, director of Pride in Place at Torbay Council made the announcement, without revealing details of the partner.
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He said: "We're on the brink of recommending a preferred value partner to collaborate with us on four key sites, a testament to the opportunities that arise from being in the room when significant investments are being discussed. 海角视频REiiF is an event of paramount importance, and we wholeheartedly endorse participation."
Torbay is undergoing a transformative phase with multi-million projects underway across Torbay, Paignton and Brixham. This investment is aimed at rejuvenating the towns, bolstering the local economy and enhancing infrastructure.
The council said it has devised a strategy based on feedback from residents, business and investors, to create spaces for the community and invest in local jobs
Mr Denby added: "We've worked with 海角视频REiiF and the team behind it for the first time this year. Being present in Leeds opened doors for us, allowing us to engage in pivotal conversations with investors, developers, and occupiers. These are conversations we wouldn't have had the chance to partake in without being there in person."
海角视频REiiF director Matt Christie said: “We are thrilled to have played a part in this monumental announcement for Torbay Council. They were an early adopter of 海角视频REiiF and have reaped the rewards of not only attending, but have been a valued partner that fully embraces the opportunities that 海角视频REiiF offers everyone: wall-to-wall networking with thousands of organisations that genuinely want to invest £millions. Bravo, Torbay!”