14th Feb 2024 09:26
(Alliance News) - Vistry Group PLC on Wednesday said it signed an agreement that will complement Vistry Partnership's model of delivering housing tenures that communities need to build sustainable neighbourhoods.
The Kent, England-based company also operates under the Bovis Homes, Linden Homes and Countryside Homes brands.
It said it signed a framework agreement with Sigma Capital Group Ltd to deliver 5,000 build-to-rent homes over the next five years.
The homes will be delivered for Sigma's build-to-rent brand Simple Life Homes. Sigma is a provider of private rental sector housing.
Vistry Chief Executive Officer Greg Fitzgerald said: "This framework agreement with Sigma is another great example of how our Partnerships model can deliver at scale the mix of housing tenures that residents across the UK desperately need. High-quality build-to-rent homes continue to be an important offering for our mixed-tenure communities, and we are thrilled to be continuing our long-term partnership with Sigma."
Vistry shares were up 1.5% to 963.50 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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