LEADING THE DELIVERY OF BTR FAMILY HOUSING IN THE UK FOR SOME OF THE WORLD’S LARGEST INSTITUTIONAL INVESTORS

SIGMA OWNED SINGLE FAMILY BTR PORTFOLIO

In 2021, Sigma Capital Group plc was acquired by pan-European private equity specialist PineBridge Benson Elliot, providing the capital support to accelerate Sigma’s growth in the Build-to-Rent sector.

Since the acquisition, Sigma has delivered or contracted on over 4,500 homes, equating to £1.06bn GDC (Gross Development Costs) and c.£72m ERV. PineBridge Benson Elliot became part of the combined MetLife Investment Management & PineBridge Investments platform following the completion of MetLife Investment Management’s acquisition of PineBridge in late 2025. This expanded platform brings broader global reach, deeper investment capabilities, and enhanced resources to support Sigma’s strategy and scaling ambitions.

All Sigma properties continue to be marketed and managed through Simple Life Homes, ensuring high-quality delivery and operational excellence.
Sigma has continued to expand its regional operations, with new house-builder collaborations and is aiming to deliver an additional 15,000–20,000 new homes over the next five years.

LONDON MULTIFAMILY BTR FUND

In September 2020, Sigma announced the launch of a Joint Venture with EQT Exeter, the real estate platform of global investment firm EQT, focused on new-build homes for private rental in Greater London. The Joint Venture is being supported by Homes England, the housing agency of the UK Government, and has committed c.£600m of GDC – funding c.1,500 units to date.

The JV has invested in new, high quality build-to-rent residential apartment blocks in more affordable parts of Greater London. They are predominantly located in transport Zones 3-6 and in close proximity to transport links, including train access to central London.

Sigma has its own rental brand, ‘Simple Life London’, through which the new homes for the JV are let. The brand has been created to set a new gold standard in the private rental market.

THE PRS REIT PLC

Sigma was the founder and architect of The PRS REIT plc, the UK’s first quoted Real Estate Investment Trust (REIT) focused on newly built family homes within the Build to Rent (BTR) sector.

The PRS REIT plc listed on the Specialist Fund Segment of the London Stock Exchange in May 2017 and moved to the Premium Segment in March 2021. Its strategy was to deliver sustainable income and capital growth through investing in high-quality, new-build residential rental homes. The portfolio exceeded £1bn in assets, reaching its 5,000th home milestone in March 2023.

Sigma’s subsidiary, Sigma PRS Management Ltd, acted as Investment Adviser to the PRS REIT, advising on capital deployment and overseeing site acquisition, design, planning, construction, and long-term asset management in line with the REIT’s investment policy. Sigma PRS Management Ltd is an appointed representative of G10 Capital Limited, authorised and regulated by the FCA (FRN: 648953). All homes in the PRS REIT were marketed let and managed by Simple Life.

In 2025, Sigma agreed contracts to manage the structured transfer of the UK’s largest BTR portfolio following its £628.9m sale to a consortium of UK pension funds. The 12-month handover ensures continuity of service for all 5,478 customers, drawing on Sigma’s detailed knowledge of the portfolio as its original creator and long-term manager.

UK PRS

Sigma’s second large-scale delivery began in December 2015 for the UK PRS Properties fund, backed by the Kuwaiti Investment Authority and other institutional investors from Kuwait. The programme delivered 821 SFH BTR homes across ten sites.

THISTLE INVESTMENTS

Sigma’s first large-scale rental housing project launched in late 2014 back by Kuwaiti Investors, the first BTR SFH fund in the UK. Over just two years, Sigma delivered 918 new homes across 15 sites in Greater Manchester and Liverpool.