Ashley House plc announced that it has signed a joint venture agreement with Morgan Sindall Investments Limited Morgan Sindall Group Plc Together through the new joint venture Ashley House and MSIL will develop extra care and supported living housing. The company has set up a new limited liability partnership, Morgan Ashley Care Developments LLP into which it is transferring the majority of the pipeline schemes from its Housing division. MSIL has acquired a 50% interest in the new venture for a total consideration of £4 million company has received £2 million in cash from MSIL and will receive a further £500,000 at the beginning of January 2018 with the remaining £1.5 million contingent on certain completion mechanics but expected to be paid in early 2018. The joint venture will enable Ashley House to accelerate and grow its pipeline of extra care and care scheme developments that are much needed by communities across the UK.