Sigma Capital acquires 11 sites across six regions

Sigma Capital is set to deliver 865 new homes across 11 sites around the UK, in partnership with housebuilder Countryside Partnerships, a mixed-tenure developer that is part of the Vistry Group. The 11 new sites collectively represent an investment of over £205m, and stretch across six UK regions, with first handovers for all developments expected to take place across 2023 and 2024. Three of the new developments are in the north east, located in Stockton-on-Tees, Sunderland and Gateshead, and will consist of 279 homes. One site in the north west, the Fairways, will be made up of 138 units. A 40 unit development will be delivered in Lincoln, and a 75 unit site is being built in Hemel Hempstead. Sigma Capital is also set to step up construction in the midlands, with three sites consisting of 146 homes. Finally, two sites will be located in south west, with 87 units in Highbridge, and 100 units in Bridgwater. The latter, Strawberry Grange, is a triple tenure site and marks the first Simple Life site in the South West. The homes will be marketed under Sigma’s private build-to-rent brand Simple Life, and are set to “significantly accelerate” the growth of Sigma Capital’s UK portfolio. Under Simple Life, Sigma has delivered over 5,000 rental homes, and has over 3,000 more under construction across the UK. The 11 new sites are part of Sigma’s growth plans to scale up and deliver homes in existing and new regions, particularly in the south and the north east. The company has targets set to reach £3bn in regional investment over five years, and the news of the acquisition of these new sites comes three months after Sigma announced four senior hires across its asset management and development teams. Jason Berry, regional managing director at Sigma Capital, said: “We’re excited to embark on our latest venture with Countryside Partnerships to bring more high-quality homes forward in new sustainable communities across the UK. “It’s our ambition across all of our projects to lead the way for the rental sector, providing communities with a better standard of rental and a professional service for families across the UK, which we know is an underserved sector in these challenging times.” He added: “Earlier this year, we did some research into the energy efficiency of our homes, and we found that they are 25% cheaper to run in comparison to properties built between 2007-2011 – so our residents are saving money on their energy bills too.” Stephen Teagle, CEO, Countryside Partnerships, said: “The addition of build-to-rent homes across 11 of our schemes will go a significant way to help to meet the increasing demand for quality rental homes where demand is outstripping supply. The scale of the deal is testament to the strength of our long-term partnership with Sigma and of Countryside Partnerships’ continuing commitment to building sustainable, mixed tenure communities at scale, working in partnership to respond to the housing crisis.”

Sigma Capital acquires 11 sites across six regions

The 11 new sites collectively represent an investment of over £205m, and stretch across six UK regions

Read Next

Nottingham BTR scheme brought to market for £23m

Savills advises on sale of 66 Derby homes to Hearthstone

AJC Group to build 500 affordable homes in five years

Sigma Homes launches £10m development in West Sussex

Banks Group launches regional housebuilding company

Nottingham BTR scheme brought to market for £23m

Savills advises on sale of 66 Derby homes to Hearthstone

AJC Group to build 500 affordable homes in five years

Sigma Homes launches £10m development in West Sussex

Banks Group launches regional housebuilding company

Stage Fifty receives approval for Wycombe Film Studios

Nottingham BTR scheme brought to market for £23m

Catalyst and GLA exchange contracts over St Ann’s development

Savills advises on sale of 66 Derby homes to Hearthstone

Henry Boot sells 31-acre Coventry side to Countryside Partnerships

Read Next

Nottingham BTR scheme brought to market for £23m

Savills advises on sale of 66 Derby homes to Hearthstone

AJC Group to build 500 affordable homes in five years

Sigma Homes launches £10m development in West Sussex

Banks Group launches regional housebuilding company

Related Articles

Stage Fifty receives approval for Wycombe Film Studios

Nottingham BTR scheme brought to market for £23m

Catalyst and GLA exchange contracts over St Ann’s development

Savills advises on sale of 66 Derby homes to Hearthstone

Henry Boot sells 31-acre Coventry side to Countryside Partnerships