We focus on the creation of communities by delivering new, good quality and well located family homes to rent. Our housing developments deliver strong social-economic benefits and remains at the forefront of political and social agendas within Government.
Our heritage stems from regeneration and Sigma has delivered in excess of 5,000 homes across all tenures in its partnerships with local authority and investment partners. Not limited to housing our regeneration activities have also delivered community facilities and 8 schools.
Delivering a secure, asset backed income stream which provides both scale and value for our investors is only possible by the unique partnerships we forge with institutional funding, house builders, local authorities and Central Government.
2016 saw a major new funding agreement with Homes England (formerly HCA) which marks an important milestone for the Group and has materially increased 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.
2017 saw the fulfilment of our strategy with the successful and widely acclaimed IPO of the PRS REIT plc on the London Stock Exchange raising an initial £250 million of investment, a long term holding vehicle for the homes delivered and managed by the Sigma Capital platform. This was followed less than 9 months later by a hugely successful offer for placing which raised a further £250m to continue to grow the PRS REIT. The PRS REIT now has the capacity to deliver once fully geared £900m of construction in new family homes for rent delivering an initial c.5,600 new homes.