UK homebuilder Countryside Properties and Sigma Capital Group have extended their relationship with an agreement to deliver a further 5,000 private rental sector (PRS) homes over the next three years.
In December 2014, the duo signed an agreement for 927 homes and was extended to include a further 900 homes in February 2016.
During the year to 30 September 2017, Countryside delivered 721 PRS homes for Sigma across the North West of England and the West Midlands.
Ian Sutcliffe, the group CEO of Countryside, said: “We have been a long-standing partner of Sigma and are delighted to continue working together.
“This new agreement supports the continued expansion of Countryside’s Partnerships division and our mixed tenure delivery model. It will allow us to speed up the delivery of homes on larger Partnerships sites and meet the strong demand we are seeing for our product.”
Graham Barnet, CEO of Sigma, said: “We are delighted to be extending our highly successful relationship with Countryside, one of the UK’s leading home builders, which regularly wins awards for its work.”
Barnet said this new agreement targets the delivery of 5,000 high-quality family homes across a number of regions over the next three years - over and above those already built or in process.
“There is a structural shortage of housing in the UK, across all tenures, and our unrivalled delivery platform brings together local authorities, home builders and funders with the common aim of creating new, professionally-managed rental homes for families, a largely neglected and growing part of the overall rental market.”