The Vistry subsidiary will deliver a further 5,000 build to rent  homes for Sigma over the next five years

Countryside Partnerships has signed an updated agreement with build-to-rent (BTR) provider Sigma Capital to deliver 5,000 homes.

Countryside will deliver the 5,000 new homes for Sigma’s BTR brand Simple Life Homes across several UK regions in the next five years.

Sigma

A Sigma BTR scheme

The agreement builds on the existing partnership between Countryside’s parent company Vistry and Sigma, with Countryside Partnerships having been a framework partner on Sigma’s build-to-rent delivery programme since 2014.

In 2021, Sigma was bought by pan-European private equity specialist PineBridge Benson Elliot for £188.4m.

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Sigma currently has over 3,500 additional homes under construction across the UK and said 98% of its properties are either let or reserved at any given time. 

Greg Fitzgerald, CEO Vistry Group, 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.”

Graham Barnet, CEO and Founder, Sigma Capital Group, said: “We are delighted to be extending our long-term relationship with Vistry. They have been the foundation partner of our BTR single family housing model since 2014 where we have delivered over 8,500 new family homes across the UK with a delivery cost of £2.25bn to date.

Barnet added: “We’re looking forward to delivering many more much needed BTR family housing over the next five years with our partner Vistry. Vistry have been the majority delivery partner across our estate and define the concept of Partnership in both our complementary models to deliver high-quality family homes for rent at scale.”

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