Countryside Partnerships signs deals for £80m BTR work
Countryside Partnerships and Sigma Capital Group have signed two deals to deliver a total of 190 build-to-rent homes with a GDV of £80m on two of its major mixed-tenure schemes.
One of the schemes is part of Countryside and Metropolitan Thames Valley Housing’s £1bn South London regeneration of Clapham Park, which will provide 115 BTR homes with a GDV of £56m.
The project will be a joint venture between EQT Exeter, a global real estate investment manager, and Sigma Capital.
Countryside Partnerships and Sigma Capital Group have signed two deals to deliver a total of 190 build-to-rent homes with a GDV of £80m on two of its major mixed-tenure schemes.
One of the schemes is part of Countryside and Metropolitan Thames Valley Housing’s £1bn South London regeneration of Clapham Park, which will provide 115 BTR homes with a GDV of £56m.
The project will be a joint venture between EQT Exeter, a global real estate investment manager, and Sigma Capital.
The homes will be marketed under Sigma’s private rental brand Simple Life London.
The wider scheme will deliver 2,482 homes, of which 53% will be for affordable tenures.
Phase 1 will deliver 520 homes, comprising 282 affordable homes, 123 private homes and 115 homes for rent.
The second deal includes the delivery of 75 BTR homes with a value of £22m at Countryside Partnerships’ mixed-tenure scheme in Spencer’s Park, Hemel Hempstead.
In partnership with Homes England, the site will provide 600 new homes, including the homes for Sigma which will be marketed under its regional brand Simple Life Homes.
Countryside Partnerships chief executive Stephen Teagle said: “The addition of BTR homes for two of our major schemes will help to meet the increasing demand for quality rental homes where demand is outstripping supply.
Sigma Capital project manager Stuart Churchward said: “Our ambition is to deliver high-quality rental homes in areas that have witnessed an undersupply and to create new sustainable communities across the UK.”
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