The Group formally established Eco-Bos Development Ltd in May 2010 as a joint venture with Imerys (a multinational industrial minerals company) to develop a series of sustainable communities in Cornwall, United Kingdom. Over 6.5 million sqm of land is available, divided over 6 separate sites. The scheme was originally conceived as part of the UK Government’s ‘Eco-town’ competition to promote the growth of sustainable communities: the innovative Eco-Bos proposals to regenerate land formerly used for mineral extraction and processing reflects the potential and aspirations of “green” development initiatives such as this. The Eco-Bos proposals will offer a mixed portfolio of around 5,000 properties across all market sectors, along with associated retail and employment spaces. Leisure and recreation facilities are also planned, with proposals for an ocean-facing site including a 5-star hotel and marina development. The company continues to work closely with the local authorities in order to secure planning and commence development of the first phase in the near future. Additionally, Eco-Bos is negotiating with some of the largest UK developers with regard to potential third-party involvement with the progression of the West Carclaze land parcel.