Our activities are focused on creating new communities through the provision of new, well located and quality family housing to rent– an important, yet neglected, element of the burgeoning UK PRS market
Sigma has a heritage in regeneration and has delivered in excess of 3500 houses across all tenures for its local authority partners as well as 8 schools and a number of community services facilities for the communities we serve.
Our combination of partnerships with institutional funding, house builders and local councils has created a unique model that delivers a secure asset-backed income stream, providing scale and value for Investors. Our focus on the delivery of housing located close to quality education provision and key transport infrastructure is proving to be extremely popular with the economically active families we are targeting.
New housing developments deliver strong social-economic benefits and remains at the forefront of political and social agendas within Government. Delivering these programmes with scale and within a maintained cost structure protects investment returns and answers the needs of both local council and housebuilding partners as well providing high quality environments for families to live.
2016 saw a major new funding agreement with the Homes and Communities Agency (“HCA”) which marks an important milestone for the Group and will materially increase the rate at which we can deliver self-funded PRS homes. This complements funding streams already in place from Gatehouse Bank, UK PRS Properties’ Fund and Sigma’s own Equity.
Sigma continues to make strong progress in this sector with the announcement of further housebuilding partners, additional funding and a strong pipeline of development land which has the potential to deliver in excess of 20,000 new rental homes throughout our key regions in the UK.
2017 sees the fulfilment of our strategy with the intention to float The PRS REIT plc on the London Stock Exchange, a long term holding vehicle for the homes delivered and managed by the Sigma Capital platform.