Keepmoat signs up to deliver £800m residential developments
HOUSEBUILDER Keepmoat has signed up to a partnership with Sigma, a listed regeneration business, which will deliver £800m worth of homes by 2021. Sigma, a private rented sector specialist, will be teaming up with Doncaster-based Keepmoat to deliver 5,000 PRS homes, with construction on the first sites set to start in summer 2016.
The partnership will deliver properties across the North East, Yorkshire and the East Midlands, with Sigma managing investment and lettings, and Keepmoat securing land and taking the lead on design and build.
PRS schemes are being planned across the North, as Moda Living advances with its Angel Gardens development in Manchester, a PRS scheme launches at the former Yorkshire Post HQ in Leeds, and developers CTP’s announce a £38m scheme in Sheffield.
Graham Barnet, chief executive of Manchester-based Sigma, said: “I am delighted to announce our partnership with Keepmoat, which has grown out of our previous relationship with them, and our continued expansion in the PRS sector.
“We are very pleased that Keepmoat has chosen to work with Sigma in its first development activity in the PRS market, and believe that it underscores Sigma’s success in the PRS sector.
In line with Sigma’s strategy, this partnership will enable us to expand into other parts of the UK, where currently we do not have coverage.
“This additional resource will help realise our ambitions to deliver PRS housing across all of the key economic regions in the UK.”
Dave Sheridan, chief executive at Keepmoat, said: “This is a significant milestone for our business, and we are proud to be working alongside Sigma to scale-up their PRS growth ambitions.
“The partnership will deliver great quality market rented homes alongside our Keepmoat homes for sale, which will allow the pace of housing delivery on strategic sites to be increased, to deliver the Government’s aspirations and provide people across the country with much-needed housing options. There is an inherent need for more housing across the country, and we are looking to tackle the issue head on.”
In 2015, Keepmoat built more than 4,000 homes, and has been active in attempts to increase housing provision in the UK.
