Countryside Partnerships and Sigma Capital Group have agreed two deals to deliver 190 BTR homes with a combined value of just under £80m on two of Countryside’s major mixed-tenure schemes.
At Clapham Park in South London, where Countryside is delivering a £1bn regeneration scheme through a joint venture with housing association Metropolitan Thames Valley Housing, 115 BTR homes worth £56m will be created for a joint venture between global real estate investment manager EQT Exeter and Sigma. The homes will be marketed under Sigma’s Simple Life London private rental brand.
And at Countryside’s Spencer’s Park scheme in Hemel Hempstead, 75 BTR homes will be delivered with a value of £22m, which will be marketed under Sigma’s regional brand Simple Life Homes.
Stephen Teagle, chief executive of Countryside Partnerships, said: “The addition of build-to-rent homes for two of our major schemes will help to meet the increasing demand for quality rental homes where demand is outstripping supply. 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, working in partnership to respond to the housing crisis.”
Stuart Churchward, project manager at Sigma Capital, added: “With our proud, longstanding partnership with Countryside Partnerships for over 15 years, we’re excited to embark on our latest venture with them to deliver homes in the South East and London. Our ambition is to deliver high- quality rental homes in areas that have witnessed an undersupply and to create new sustainable communities across the UK.
“Simple Life residents can expect a professional approach to renting, to which we have experienced a huge demand for in our developments across the UK. We’re really excited to be bringing the higher standards of BTR to local renters in both Hemel Hempstead and Clapham.”
