6th Feb 2017 08:03
LONDON (Alliance News) - Private-rented sector developer Sigma Capital Group PLC on Monday said it has acquired three sites in the West Midlands and the north west of England to add around 200 homes to its self-funded portfolio.
Sigma said the sites are located in Birmingham, Atherton in Lancashire and Telford in Shropshire. The sites take the total number of self-funded developments in Sigma's books to seven and extend its portfolio into the Midlands for the first time.
The delivery of the sites is being backed by funding agreed by Sigma with the UK's Homes & Communities Agency, the company said.
The total gross development cost for the three sites will be around GBP27.0 million.
"We are delighted to be helping to deliver the HCA and government's objective of making more homes available across England. Our PRS platform facilitates the faster delivery of new homes and, with our partners, we are executing across multiple geographic regions. We will be acquiring further sites with HCA funding," said Graham Barnet, Sigma's chief executive.
By Sam Unsted; [email protected]; @SamUAtAlliance
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