TIDMCSP
RNS Number : 2494J
Countryside Properties PLC
21 December 2020
21 December 2020
Countryside Properties plc
New Collaboration Agreement with Sigma Capital
Countryside Properties plc ("Countryside" or "Group"), a leading
UK mixed-tenure developer, announces today that it has further
expanded its strategic relationship with Sigma Capital plc
("Sigma"), a specialist Private Rental Sector ("PRS") provider. The
new Collaboration Agreement ("Agreement") will deliver up to 5,000
new PRS homes across multiple regions in England over the next
three years.
The Agreement further expands Countryside and Sigma's
well-established, successful partnership and builds on a similar
agreement signed between the two companies in June 2018 for the
delivery of 5,000 PRS homes that have now either been built or are
under construction.
Countryside continues to see attractive opportunities for growth
to deliver a mix of private for sale, PRS and affordable homes,
supporting its target of delivering 8,000 homes p.a. in
Partnerships by 2023.
Iain McPherson, CEO of Countryside Properties plc,
commented:
"We are pleased to be furthering our long-standing partnership
with Sigma Capital, who shares our commitment to delivering high
quality, professionally managed rental homes for families across
the country. We continue to see attractive opportunities within our
Partnerships business to deliver much needed, high quality and
sustainable mixed-tenure communities in the UK."
Graham Barnet, CEO of Sigma Capital Group plc, commented:
"We are delighted to be extending our relationship with
Countryside with this new Collaboration Agreement. Our partnership
over the past six years has been a highly successful one, and this
agreement will allow us to plan more effectively the further
delivery of up to 5,000 new rental homes over the next three years.
The need for well-managed, high-quality rental housing remains a
priority for most parts of the country. We look forward to
continuing to help meet this need."
- ENDS -
Enquiries:
Countryside Properties - 01277 260 000
Iain McPherson - Group Chief Executive
Mike Scott - Group Chief Financial Officer
Victoria Prior - Managing Director, Corporate Affairs
Brunswick Group LLP - 020 7404 5959
Nina Coad / Oliver Sherwood
Notes to Editors:
Countryside is the UK's leading mixed-tenure developer through
its two divisions, Partnerships and Housebuilding, creating places
where people love to live, with sustainable communities built to
last. In April 2020, it was awarded the 5 Star Rating by the Home
Builders Federation following the latest home building industry's
Customer Satisfaction Survey.
Countryside's Partnerships division was established over 40
years ago, specialising in estate regeneration, with operations in
London, the South East, the North West, the Midlands and Yorkshire.
It works mainly on public sector owned and brownfield land, in
partnership with local authorities and housing associations to
develop private, affordable and PRS homes. It recently established
a modular panel manufacturing facility in Warrington to improve
quality and reduce build times on site. Its developments include
large scale urban regeneration projects at Beam Park, Rainham;
Acton Gardens, Ealing; and Rochester Riverside, Medway.
Countryside's Housebuilding division benefits from an industry
leading strategic land bank which is focused around outer London
and the Home Counties. It builds family homes, with a focus on
placemaking and selling to local owner occupiers. Its developments
include a number of large-scale projects including Beaulieu,
Chelmsford, Springhead Park, Ebbsfleet and Tattenhoe Park, Milton
Keynes.
Countryside delivered 4,053 homes in the twelve months to
September 2020 - 3,213 through its Partnerships division and 840
through its Housebuilding division, with a mix of private for sale,
PRS and affordable homes. The Group has a strong balance sheet with
new framework agreements signed during 2020 which, along with a
record forward order book, up 23% to GBP1,432m, underpin the
mixed-tenure delivery model focused on delivering quality homes and
sector leading growth. It was listed on the London Stock Exchange
in February 2016 as a constituent of the FTSE 250.
For more information see www.countrysideproperties.com or follow
@CountrysideProp on Twitter
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END
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