Sigma, the PRS residential development and urban regeneration company, has signed a new collaboration agreement with Countryside Properties plc (Countryside), its principal home building partner, to deliver up to 5,000 new private rental sector (PRS) homes over the next three years.
The new agreement marks the further expansion of Sigma and Countryside’s existing, well-established and successful relationship, and follows a similar agreement signed in June 2018 for the delivery of 5,000 PRS homes. Homes under the existing agreement have now either been built or are in process.
“We are delighted to be extending our relationship with Countryside with this new Collaboration Agreement. Our partnership over the past six years has been a highly successful one, and this agreement will allow us to plan more effectively the further delivery of up to 5,000 new rental homes over the next three years. The need for well-managed, high-quality rental housing remains a priority for most parts of the country. We look forward to continuing to help meet this need,” said Graham Barnet, CEO of Sigma Capital Group plc.
“We are pleased to be furthering our long-standing partnership with Sigma Capital, who shares our commitment to delivering high quality, professionally managed rental homes for families across the country. We continue to see attractive opportunities within our Partnerships business to deliver much needed, high quality and sustainable mixed-tenure communities in the UK,” Iain McPherson, CEO of Countryside Properties plc.