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