Galliford Try targets family-home build-to-rent

Aaron Morby 6 years ago
Share

Galliford Try’s expanding partnerships arm has signed up to its first collaboration to deliver large-scale family housing schemes for private rent.

Partners will seek to development family home build-to-rent schemes
Partners will seek to development family home build-to-rent schemes

It is joining with Sigma Capital Group, a leading provider of to deliver family homes for the private rental market, to develop projects in the West and South West of England.

The regeneration specialist will use its expertise to source appropriate sites for Sigma to acquire and take each site through the planning and construction processes.

Both companies envisage creating many hundreds of PRS homes through this arrangement.

The new rental homes will be taken to market under Sigma’s private rental brand, Simple Life.

Working with local authority and house building partners, as well as Homes England, Sigma has created a large-scale PRS model that aims to deliver thousands of new rental homes across the UK.

Galliford Try Partnerships will be joining Sigma’s proven delivery platform, which has already completed in excess of 4,500 houses across all tenures.

In its role as investment advisor to The PRS REIT plc – the first quoted REIT established to invest in family PRS homes – Sigma expects to invest £900m to create a large-scale portfolio of quality family rental homes across England.

Stephen Teagle, Chief Executive of Galliford Try Partnerships, said: “The private rented sector is growing rapidly and we are delighted to enter into this collaboration with Sigma to deliver more homes of this tenure.

“We will be using our regeneration expertise and house building skills alongside Sigma’s extensive experience of the sector to bring forward high-quality sites.

“This will complement our existing work with Registered Providers and local authorities, and will form a key part of our land-led delivery strategy. Our business units will be actively seeking new opportunities for our work with Sigma and the PRS REIT plc.”

Latest news

Plan in for £3bn Lincolnshire mega data centre

3.3m sq ft Humber Tech Park will be one of Europe's largest data centres
1 day ago

Green light for Digbeth 1,300 homes scheme

Warner’s Fields scheme to start with excavation and landscaping of the River Rea
1 day ago

Flagship biodiversity net gain scheme flawed

NAO warns Government's flagship green development scheme at risk of failure
1 day ago

£210m M3 Junction 9 upgrade gains consent

VolkerFitzpatrick to start work in early 2025 on Winnall roundabout, near Winchester
1 day ago

United Living wins 14-year L&Q homes repairs deal

Trafford housing upkeep deal worth £205m
1 day ago

£400m Lewisham resi-led scheme advances

Land deal paves way for Amro Partners' 1,000-home London scheme
1 day ago

McLaren gets go-ahead for Grade II listed Leeds student scheme

Springfield House to be revamped and two new wings added
1 day ago

Piling giant to fit people alarms on all rigs

Cementation Skanska upgrades site safety systems
1 day ago

Vistry to make £800m profit after subcontractor cost cuts

House builder bullish about shareholder returns after asking suppliers for discounts
2 days ago

Shareholders approve £2.5bn Barratt and Redrow merger

Final hurdle is for the competition regulator to approve the deal.
2 days ago

Green light for £80m Leith waterfront revamp

Build-to-rent homes and student accommodation scheme to be built
2 days ago

Tilbury Douglas clears Interserve legacy jobs to return to profit

Revenue tops £500m in first year as standalone contractor
3 days ago

Land deal paves way for Manchester civil service office hub

Government buys five acres at former Central Retail Park
2 days ago

Speller Metcalfe wins Wolverhampton library upgrade

Full works are due to start in the autumn
2 days ago

Skills shortage puts big infrastructure projects at risk

Government failing as an intelligent client and now over-reliant on consultancies
3 days ago

Contractors face further insulation board price hikes

Cost of PIR insulation boards set to rise another 10%
3 days ago

Henry Boot wins £36m Rotherham Markets job

Project involves upgrading existing market and building a new library
3 days ago

Keltbray hires new head of infrastructure procurement

Lukasz Olszewski will oversee rail, energy and highways business units
3 days ago

Tunnel fit out robot to revolutionise civils work

Costain and VVB Engineering part of innovative consortium
3 days ago

Funding deal for £86m wind turbine test centre

Latest investment at National Renewable Energy Centre in Blyth
4 days ago

Plan in for Manchester ‘upside-down’ 18-storey tower

Landmark cantilevered NXQ building plan for city Northern Quarter
4 days ago

London 25km Super Sewer hooked up for commissioning

Tideway completes connection to existing Lee Tunnel sewer system
4 days ago

£200m Lincoln ring-road approved

North Hykeham Relief Road granted planning permission
4 days ago

£1bn Manchester Airport City plan rebooted as new sci-tech hub

Plan pivots from offices to science and manufacturing campus, called MIX Manchester
5 days ago

Record results at maintenance specialist Renew

Infrastructure maintenance work continues to pay off for contractor
4 days ago

Barhale lands £21m shaft scheme for Thames Water

Civils specialist bags latest upgrade deal on Thames Water Ring Main
4 days ago

Caddick names new north east director

Former Laing O'Rourke project lead joins Yorkshire contractor
4 days ago

Mount Anvil wins London Camden estate rebuild

Deverloper wins £133m Bacton Phase 2 development in Gospel Oak
5 days ago

London Met Uni seeks firm for £280m estate upgrade

A single partner contractor will deliver 10-year building upgrade plan
5 days ago

Top 30 M&E contractors set for growth – ranking

Growth in data centres and commercial refits creates optimism for year ahead
5 days ago

Contractor services