Private equity to fund 1,000 new homes in Liverpool

REGENERATION specialist Sigma Capital Group has been given the go-ahead to build 1,000 new homes for rent in Liverpool.

The listed investment firm based in Edinburgh said Liverpool City Council had approved its planned development, which will be financed via a “a major new funding model” being developed by Sigma.

In a statement it said: “It is intended that the major new housing scheme will be financed through an equity fund model, currently in development by Sigma and that Sigma will provide a professional long term management function to manage the completed units.

“This proposal has the potential to deliver a new professionally managed rented sector housing tenure model for Liverpool City.

Chief executive Graham Barnet added: “I am delighted that Liverpool City Council has approved our innovative proposal to deliver 1,000 new rental homes through our new private equity funding model, which we are currently developing.

“The model will also encompass residential rental investment opportunities in the Midlands and North West of England. We are aiming to bring the fund to fruition by the time of our half year results in September.”

We are committed to assisting the Council with achieving its regeneration aims for Liverpool, including the construction of new homes and the redevelopment of commercial areas in the city.”