UK: Housebuilder Countryside Partnerships and BTR provider Sigma Capital Group have signed a deal to deliver 190 homes worth £80 million on two major mixed-tenure schemes.
At Clapham Park, the £1 billion south London regeneration scheme that Countryside Partnerships is delivering in a JV with housing association Metropolitan Thames Valley Housing, 115 BTR homes worth £56 million will now be created. The homes will be marketed under Sigma’s private rental brand, Simple Life London.
The wider mixed-tenure regeneration scheme will deliver nearly 2,500 homes, of which 53 per cent will be for affordable tenures.
The second deal includes constructing 75 BTR homes worth £22 million at Countryside Partnerships’ mixed-tenure scheme in Spencer’s Park, Hemel Hempstead. In partnership with Homes England, the site will provide 600 new homes, including the homes marketed under Sigma’s regional brand Simple Life Homes.
Stephen Teagle, chief executive of Countryside Partnerships, said: “The addition of build-to-rent homes for two of our major schemes will help to meet the increasing demand for quality rental homes where demand is outstripping supply. The deal is testament to the strength of our long-term partnership with Sigma and of Countryside Partnerships’ continuing commitment to building sustainable, mixed tenure communities, working in partnership to respond to the housing crisis.”
