Site in Sheffield chosen to kick off Keepmoat’s £800M private rental scheme

Keepmoat and investor Sigma Capital Group choose site in Sheffield for private rental scheme as part of £800M investment.

A site in Sheffield has been chosen by Keepmoat and investor Sigma Capital Group, to kick-off the first private rental scheme, in a planned £800, investment in the PRS scheme across England over the next five years.

The partnership was made in July last year, with the aim of building over 5,000 new private market rental homes across England by 2021, with 1,000 rental homes built in the first year.

The first homes in an £800M investment to build new rental properties across England will be delivered in Norfolk Park, Sheffield, with a total of 24 apartments, involving the Sheffield Housing Company and Sigma Capital Group. SHC has already completed 300 of the 2,300 homes it plans to build across Sheffield over the next 15 years.

Thousands of two, three and four bedroom properties will be built in locations across the North West, Yorkshire, the Midlands and north of London.

The lettings and property management of the two bedroom homes will be undertaken by SDL Group.

The new apartments are located near the city centre and have the hallmarks of an SHC development with a high design specification, spacious living areas, open plan aspects, integrated appliances and fitted wardrobes included in each. Given their location close to excellent transport links and local amenities, they are expected to strongly appeal to both young professionals and young families.

Martin Smithurst, regional managing director at Keepmoat, added: “We’re pleased to be delivering the first scheme of this major investment in a thriving city like Sheffield, where the need for wider housing solutions is apparent across the board.

“As well as working on significant regeneration projects, we are also delivering homes for sale in the region and so this step into the PRS sector will sit alongside our existing offering to allow the pace of housing delivery on strategic sites to be increased.

“We’re proud to be working in partnership with Sigma and look forward to identifying more sites in the region that could benefit from their investment.”

John Clephan, Project Director with SHC, said: “The choice of housing in any area is crucial for its strength and prosperity. We are already seeing some very positive changes in some of the city’s neighbourhoods as a result of the housing investment which has been made in the past five years. I am certain that the rented homes, through Sigma, will be a great addition to the neighbourhoods in which they are built.”

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