Quintain has teamed up with Lace Market Properties for a residential development spree across the Midlands and the north

The schemes will be developed by a 50:50 joint venture between Quintain subsidiary Quintain Regional Partnerships and Lace Market Properties Joint Ventures, a subsidiary of Lace Market Properties.

According to a statement released by Quintain today, the joint venture will target developments of at least two blocks of accommodation, each with end values of at least £50m.

The pair may also pursue mixed-use developments.

Nick Shattock, deputy chief executive of Quintain, said: 'The signing of this joint venture is a significant step forward in broadening Quintain's urban regeneration activity throughout the rest of the United Kingdom.'