Build-to-Rent Framework Agreement with Sigma

Vistry Group PLC

14 February 2024

 

14 February 2024

Vistry Group PLC

Vistry Group and Sigma Capital Group Sign Framework Agreement to Deliver

5,000 Build-to-Rent Homes Over Next Five Years

Countryside Partnerships (part of Vistry Group, the UK's leading mixed-tenure developer), has entered into a new Framework Agreement with Sigma Capital Group to deliver 5,000 new homes for Sigma's BTR brand, Simple Life Homes. Sigma is the leading provider in the Build-to-Rent market focused on single  family housing and one of Vistry Group's key partners in this sector.

The agreement builds on the well-established partnership between Vistry and Sigma, with Countryside Partnerships having been a framework partner on Sigma's Build-to-Rent delivery programme since 2014. It supports both organisations' ambitions for growth by clearly mapping out their expansion plans within a set framework and timeframe.

The 5,000 new homes will be delivered to Sigma across a number of UK regions over the next five years, and will complement Vistry's Partnerships model of delivering the right mix of housing tenures that communities require to build long-term and sustainable neighborhoods.

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. We currently have over 3,500 additional homes under construction across the UK and with a track record of 98% let or reserved at any given time, and above industry standard BTR customer review scores*, we're looking forward to delivering many more much needed BTR family housing over the next 5 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."

*Based on Home Views Reporting Data, Dec 2023

ENDS

For further information, please contact:

Vistry Group PLC

Susie Bell, Group Investor Relations Director                          01732 494716

FTI Consulting

Richard Mountain / Susanne Yule                                             020 3727 1340

Notes to Editors

About Vistry Group

Vistry Group is the UK's leading provider of affordable mixed tenure homes. Our purpose as a responsible developer is to work in partnership to deliver sustainable homes, communities and social value, leaving a lasting legacy of places people love. We are a young and dynamic business with a Partnerships-led approach, delivered under our Countryside Partnerships brand, and an exciting timber-frame manufacturing operation called Vistry Works, running three factories and supporting our drive towards net zero.

Delivering thousands of homes every year for the affordable and private marketplaces, Vistry Group also has an unmatched portfolio of retail brands, each with a rich history and strong reputation: Linden Homes, Bovis Homes and Countryside Homes.

We are a multi award-winning housebuilder and the Group has again been awarded the 5 Star Rating by the Home Builders Federation following the latest industry's Customer Satisfaction Survey. For more information go to www.vistrygroup.co.uk

About Sigma Capital Group Limited (formerly Sigma Capital Group plc)

Sigma Capital Group Limited ("Sigma") is a PRS, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large-scale housing schemes for the private rented sector. The Company has a well-established track record in assisting with property related regeneration projects in the public sector, acting as a bridge between the public and private sectors.

Sigma has created an unrivalled property platform, which sources sites and brings together construction resource to develop them, enabling Sigma to deliver an integrated solution to partners. As well as sourcing sites and managing all stages of the planning and development process, Sigma also manages the rental of completed homes through its award-winning rental brand 'Simple Life'. The Company's subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc.  

LinkedIn: Sigma Capital Group Limited

Twitter: SigmaCapitalLtd

 

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