Galliford Try targets family-home build-to-rent

Galliford Try’s expanding partnerships arm has signed up to its first collaboration to deliver large-scale family housing schemes for private rent.

It is joining with Sigma Capital Group, a leading provider of to deliver family homes for the private rental market, to develop projects in the West and South West of England.

The regeneration specialist will use its expertise to source appropriate sites for Sigma to acquire and take each site through the planning and construction processes.

Both companies envisage creating many hundreds of PRS homes through this arrangement.

The new rental homes will be taken to market under Sigma’s private rental brand, Simple Life.

Working with local authority and house building partners, as well as Homes England, Sigma has created a large-scale PRS model that aims to deliver thousands of new rental homes across the UK.

Galliford Try Partnerships will be joining Sigma’s proven delivery platform, which has already completed in excess of 4,500 houses across all tenures.

In its role as investment advisor to The PRS REIT plc – the first quoted REIT established to invest in family PRS homes – Sigma expects to invest £900m to create a large-scale portfolio of quality family rental homes across England.

Stephen Teagle, Chief Executive of Galliford Try Partnerships, said: “The private rented sector is growing rapidly and we are delighted to enter into this collaboration with Sigma to deliver more homes of this tenure.

“We will be using our regeneration expertise and house building skills alongside Sigma’s extensive experience of the sector to bring forward high-quality sites.

“This will complement our existing work with Registered Providers and local authorities, and will form a key part of our land-led delivery strategy. Our business units will be actively seeking new opportunities for our work with Sigma and the PRS REIT plc.”

from Construction Enquirer http://www.constructionenquirer.com/2018/04/09/galliford-try-targets-family-home-build-to-rent/

via Tumblr http://ndbasilica.tumblr.com/post/172758246569