The new Collaboration Agreement will deliver up to 5,000 new PRS homes across multiple regions in England over the next three years.
The Agreement further expands Countryside and Sigma’s well-established, successful partnership and builds on a similar agreement signed between the two companies in June 2018 for the delivery of 5,000 PRS homes that have now either been built or are under construction.
Countryside continues to see attractive opportunities for growth to deliver a mix of private for sale, PRS and affordable homes, supporting its target of delivering 8,000 homes p.a. in Partnerships by 2023.
Iain McPherson, CEO of Countryside Properties plc, commented: “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.”
Graham Barnet, CEO of Sigma Capital Group plc, commented: “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.”
Countryside Properties Plc is the UK’s leading mixed-tenure developer through its two divisions, Partnerships and Housebuilding, creating places where people love to live, with sustainable communities built to last. In April 2020, it was awarded the 5 Star Rating by the Home Builders Federation following the latest home building industry’s Customer Satisfaction Survey.