Key milestone for £100m resi developer Sigma

RESIDENTIAL and urban regeneration specialist Sigma says the first tenants are moving into the first of 927 new private rented sector (PRS) homes in a £100m development in Liverpool and Salford.

In a joint venture with Gatehouse Bank the development will create one of the first large scale PRS platforms in the UK. More projects are in the pipeline.

The new family homes, a mix of high quality two, three and four bedroom houses are in Norris Green, Liverpool and Lower Broughton, Salford.

As well as the first tenants moving in, ongoing rental demand is strong and the majority of properties scheduled for release over the coming months have already been pre-let or reserved.
 
Direct Lettings (part of the Shepherd Direct Group), with whom Sigma has a well-established association, is managing the lettings on behalf of Sigma.
 
Together with Gatehouse and Direct Lettings Ltd, Sigma is also launching a dedicated letting brand, ‘DifRent’.

The new brand will support the Sigma/Gatehouse PRS platform and will be used for the rental of all units.
 
Councillor Ann O’Byrne, Assistant Mayor and Liverpool City Council Cabinet Member for Housing, said: “The PRS scheme is helping in the transformation of Norris Green and it has been brought about with the very constructive relationship the City Council has with Sigma.”
 
Sigma chief executive Graham Barnet, Chief Executive of Sigma, said: “The announcement marks another significant step towards achieving this goal. We are delivering high quality new rental homes ahead of time and on budget, and look forward to the completion of the initial portfolio of 927 homes over the next eighteen months.”