Countryside Properties expands Sigma partnership to deliver another 5,000 homes

Housebuilder and urban regeneration partner Countryside Properties has expanded its strategic partnership with Sigma Capital Group to deliver a further 5,000 private rental sector homes over the next three years.

Countryside and Sigma already have an agreement for the delivery of 927 homes, which was signed in December 2014 and 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.

The company said on Tuesday that the new framework agreement "significantly enhances" its relationship with Sigma and supports growth plans for its partnerships business, which delivers a mix of private for sale, PRS and affordable homes in mixed tenure communities.

Chief executive Ian Sutcliffe 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."

Sigma CEO Graham Barnet 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.

"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."