Defence Minister Tom Watson has announced a £1.15bn contract for the redevelopment, management and operation of facilities on the Northwood Headquarters site.

The 25 year contract for Northwood has been signed with Eastbury Park Limited, a joint venture between Carillion Private Finance (Defence) and HSBC Infrastructure Fund Management. It covers the redevelopment of the 43 acre site at Northwood, Middlesex, the home of the Permanent Joint Headquarters (PJHQ), which runs all UK military operations worldwide.

The contract includes construction of new buildings, the retention and refurbishment of some existing buildings and the demolition of surplus buildings. This will carried out in a phased process over a five-year period.

PJHQ is responsible for all UK involvement in overseas operations as well as maintaining the Permanent Joint Operating Bases ranging from the South Atlantic to the Indian Ocean.