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TODAY'S OTHER NEWS

Big boost for Build To Rent as mainstream developer extends deal

One of the biggest and earliest companies investing in Britain’s fast-growing Build To Rent sector has expanded its partnership with one of the country’s major housebuilders.

Sigma Capital says it has extended a strategic partnership with Countryside Properties.

The companies first collaborated as far back as December 2014 when Countryside agreed to build 927 BTR homes for Sigma; in early 2016 this was extended to add a further 900 homes. 

By late-2016 Letting Agent Today reported that the pairing had completed and let their 1,000th rental home on schemes across 18 different sites in Greater Manchester and Merseyside.

Now the two companies have signed a framework agreement targeting the delivery of a further 5,000 private rented sector homes over the next three years, over and above those already built or in process.

During the year to 30 September 2017, Countryside delivered 721 BTR properties for Sigma across the North West of England and the West Midlands.

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