Tuesday, September 30, 2014
30 September 2014
Sigma Capital Group plc
("Sigma" or “the Group”)
Further progress with residential projects in Liverpool
Sigma, the residential and urban regeneration specialist, is pleased to announce further significant progress with its residential regeneration projects in Liverpool, with Liverpool City Council granting an option over a 19 acre former school site in Gateacre, an affluent suburb in the south of the city. The option has been granted to Regeneration Liverpool, the LLP established between Sigma and Liverpool City Council to re-develop surplus land at the discretion of the Council.
It is intended that the Gateacre site is redeveloped to provide a variety of new high quality homes with a development value in the region of £65m. A planning application is expected to be submitted by the end of the year and, subject to that consent, construction is expected to commence in the second quarter of 2015.
The homes will be built by Countryside Sigma Ltd, a joint venture between Countryside Properties (UK) Ltd, the house building specialist, and Sigma. Countryside Sigma is the housing delivery affiliate of Regeneration Liverpool.
As previously reported, Regeneration Liverpool is in the process of regenerating the 60 acre residential site, Norris Green, which has outline planning consent for around 800 new homes. Approximately 370 units have been completed or are currently under development in the first five phases. Other sites under option for redevelopment to Regeneration Liverpool are Queen Mary School site, Lime Street / Knowledge Quarter and Stonebridge Cross.
Company website: www.sigmacapital.co.uk
Sigma Capital Group plc
Graham Barnet, Chief Executive
Marilyn Cole, Finance Director
T: 0131 220 9444
Katie Tzouliadis/ Deborah Walter
T: 020 3178 6378
James Maxwell/ Nick Donovan
T: 0207 496 3000
About Sigma Capital Group plc
Sigma is a residential and urban regeneration specialist, with offices in Manchester, London and Edinburgh. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors. Sigma’s principal focus is now on the delivery of large scale housing schemes, initially for the Private Rented Sector (“PRS”).
About Regeneration Liverpool
Regeneration Liverpool is a limited liability partnership legally constituted as the Liverpool Partnership LLP and formed in March 2007 with Liverpool City Council. It has been established to re-develop any surplus land assets at the discretion of the Council.
Over the last two years, Liverpool City Council has increased the number of sites under option to the Regeneration Liverpool. This is in addition to a ten year option granted in 2007 over a 60 acre site known as Norris Green, which has outline planning consent for around 800 new homes.