Construction UK Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
04/06/2015

Sigma Announces PRS Expansion

Sigma has announced the expansion of its Private Rented Sector (PRS) delivery with Gatehouse Bank.

The agreement expands the company's existing PRS Portfolio Agreement with Gatehouse's £1 billion development of 10,000 new homes over the next five years.

The first phase is underway, targeting 927 new homes across 14 sites in Greater Manchester and Merseyside.

Total development is estimated at around £106 million and a quarter of the units are already under development or have been built.

New sites have also been identified for phase two of the £1 billion project.

-- Advertisement --
hss

The PRS portfolio is being carried out by Sigma's housebuilding partner Countryside Properties along with lettings management associate Direct Lettings.

Graham Barnet, Chief Executive of Sigma, said: "We are delighted that our relationship with Gatehouse is expanding and deepening in such a significant way.

"Gatehouse has led the way as a funder in the PRS space and this acceleration and expansion of our activities with them is evidence of the quality and success of our initial phase and the delivery platform we have built with Countryside and Direct Lettings."

Chief Executive of Gatehouse, Henry Thompson, said: "Gatehouse Bank is delighted to be extending its involvement with Sigma Capital Group plc with the additional roll out of a national development programme for providing homes in the Private Rented Sector (PRS).

"Following the on-going success of Phase 1 with developments in Greater Manchester and Merseyside, we are happy to extend our involvement to a bigger development programme."

(LM)

Latest Construction News

20/11/2024

Construction firm Willmott Dixon has partnered with Westminster City Council on a £36 million project to restore the historic Seymour Centre in Marylebone, a Grade II listed building dating back to the 1930s. The project, procured through the SCF framework, will see the three-storey centre undergo ...
20/11/2024

The Hill Group has commenced work on a new development in Billericay, Essex, which will deliver 179 high-quality homes across a 20-acre site. Designed to blend with Billericay's scenic countryside while addressing the pressing demand for sustainable housing, the project is located on Kennel Lane ...
20/11/2024

Extensive groundwork is underway for a new housing development in Maidstone, where Vistry Group, in partnership with Legal & General Affordable Homes, is set to build 272 properties on the site of the former Tovil Quarry off Farleigh Hill. The project will include 37 affordable homes for low-cost ...
20/11/2024

Stonewater has scooped a new energy efficiency retrofit contract with compliance and energy services provider Correct Contract Services. This work, funded through the Social Housing Decarbonisation Fund (SHDF) Wave 2, will include a range of energy-saving upgrades. Measures such as loft ...
20/11/2024

Kier has been appointed by Cambridgeshire County Council to deliver building, mechanical, and electrical maintenance services across the Council's portfolio of 160 corporate buildings. The contract, which began in November 2024, will run until 2027, with the possibility of two one-year extensions ...
20/11/2024

Builders use water for various functions on the job, they utilise this resource for worker hygiene, hydration, concrete batching, grouting, dust suppression, drilling and piling. If companies mismanage this water use, they can increase their environmental impact. When the industry comes ...
20/11/2024

Edmond Shipway has been appointed to a pioneering initiative tackling homelessness in Greater Manchester, providing project management and cost consultancy services on the second phase of Embassy Village. Set to deliver 40 purpose-built homes for men facing homelessness in Manchester, Embassy ...
20/11/2024

West Sussex County Council is inviting residents to share their views on proposed transport improvements at the Hazelwick and Tushmore junctions on the A2011 Crawley Avenue. The proposals aim to make walking, cycling, and public transport more appealing for short journeys. This initiative is part ...
19/11/2024

McLaren Construction has commenced works at the first UK industrial scheme in the East Midlands for a joint venture with Garbe Industrial Real Estate GmbH and Invesco Real Estate. McLaren will oversee all aspects of construction for the £30 million project located in Shireoaks, Worksop - in the ...
19/11/2024

Pennyfarthing Homes has submitted a planning application for 74 new homes in Fordingbridge as part of its plans to build a neighbourhood of 342 homes on the northern edge of the Hampshire market town. The new development which is part of the wider scheme known as Forde Valley and follows ...
T & D Glazing And Installation LimitedLakeside HireBRICOFLOR UKEfco UK LtdAqua Direct LtdStuart CanvasThink Construction Skills Ltd.ContainexNo Hydro123v Plc
Terms and Conditions
2024/11/21 10:58:53