As regeneration property partners, the firms will work with the council and Lancashire Enterprise Partnership to develop public buildings and land through a series of local asset backed vehicles.
Carillion will be responsible for east and north Lancashire and Eric Wright south and west Lancashire over the next 10 years.
The estimated value of the county council’s 550 property assets, excluding schools in use, waste plants and infrastructure, is £280m. Some of these are expected to be disposed as surplus to future needs.
At first Carillion and Eric Wright will work on the delivery of asset management and masterplanning services for the whole of the public sector estate in Lancashire, with the aim of promoting the economic regeneration of Lancashire.
The plan is to include other local public sector bodies including councils, universities, ministries and the NHS in the plans.
The estimated combined value of the Lancashire organisations’ property assets is in the region of £736m to £3.5bn.