Sigma Capital Group has acquired four new residential sites with a gross development cost of circa £100m on which it will deliver 415 new homes through its partnership with Vistry Group.
The sites are: Top Wighay Farm in the East Midlands, which will deliver 153 units; Ibstock, St Helens in the North West, which will provide 120 units; Sutton Road in Maidstone (87 units); and Womersley Road in Knottingley, West Yorkshire (55 units).
The homes will be built by Vistry Group as part of its partnership with Sigma and when completed the new developments will be wholly owned by Sigma Capital and will be let and managed by its internal Simple Life team.
Graham Barnet, CEO of Sigma Capital said: “We recently celebrated a decade in single-family build-to-rent and this latest round of acquisitions shows that we are still consistently innovating and adding to our growing portfolio. With these four new sites, we’re not only expanding our footprint across key regions, but also enhancing the quality of the homes we deliver, working with our trusted partners.
“Our current pipeline of opportunity now sits at over £5bn GDC throughout the UK, confirming our position as the leading single-family housing provider in the country. As demand for high-quality family rental housing continues to grow, we’re proud to play a leading role in supporting housing delivery, offering a professionally managed, secure solution for our customers.”
Stephen Teagle, chief executive of partnerships and regeneration at Vistry Group, added: “We’re delighted to see this further extension of our long-standing partnership with Sigma Capital to deliver high-quality, professionally managed rental homes across the UK. These new developments reflect our shared commitment to accelerating housing delivery through diverse tenures, meeting local needs, and supporting the government’s housing ambitions. Together, we’re creating thriving professionally managed communities with homes people are proud to live in.”
