Outlook: Ready to deliver large-scale residential projects
Fully re-focused on its property activities, Sigma’s plans for the roll-out of large-scale residential schemes in the private rented sector (PRS) have made important steps forward. Funding for the Gatehouse joint venture is complete, allowing construction of the first phase of 927 homes to begin. A partnership with Grainger plc has also been announced, granting Grainger first option on development opportunities on 100 or more PRS units. Sigma’s value resides, largely off balance sheet, in its access to a pipeline of urban regeneration projects via the current local authority JVs. With an estimated c £2bn gross development cost, these projects should be capable of delivering c £60m of revenues to Sigma, accelerated by PRS, which provides its investors with income and capital growth opportunities.Sigma Capital Group is a holding company. Through its subsidiaries, Co. is a property group principally focused on the Private Rented Sector (PRS) sector. Co.'s activities also encompass urban regeneration and property asset management. Co.'s PRS activities are carried out by its subsidiary, Sigma Capital Property Limited, which invests in its own self-funded portfolio of private rented homes. Co.'s property regeneration activities are carried out by its subsidiary, Sigma Inpartnership Limited, and most of its property management activities, which sit outside of its PRS and local authority relationships are undertaken by its subsidiary, Strategic Property Asset Management Limited.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.