£800m property programme progresses in Sheffield

The first apartments to be built as part of an £800m investment programme to create new rental properties across England have been unveiled in Sheffield.

Representatives from Sigma Capital Group, Sheffield Housing Company (SHC), and the Homes and Communities Agency (HCA) visited the newly completed Park Grange House in Norfolk Park, to see the £2.7m three-storey development, which has been built by Keepmoat Regeneration, part of the ENGIE Group.

The development is part of a wider investment with Sigma Capital Group to deliver a target of 5,000 new homes for private rental across the country by 2021.

Martin Smithurst, regional managing director at Keepmoat Regeneration, said: “The completion of Park Grange House is an important milestone for the partnership and we are very proud to have played a part in providing these much needed high quality homes in such a prime location.

“The PRS market has become increasingly popular in recent years and this demand has to play a greater role in accelerating the delivery of new homes. To successfully tackle the housing shortage, we have to build properties of varying tenure and this project is a great example of partnership working at its best. We are delighted to be working with Sigma and like-minded organisations that are focussed on meeting the country’s needs.”

The 24 two-bedroom apartments at Park Grange House are available for private rent, through Sigma’s Simple Life private rented sector (PRS) brand; while the lettings and property management of the apartments at Park Grange House will be undertaken by SDL Group.

Rachel Hoy, development manager at Sigma Capital, said: “We are really pleased to have completed our first development with Keepmoat Regeneration and we are already looking forward to getting on site with our pipeline of developments planned with both Keepmoat Regeneration and SHC, thus cementing our partnership together. We are also delighted to be supporting Sheffield as a city, in being able to help deliver private rental family homes where there is a genuine demand in the area.”

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