Sigma moves into London BTR

Sigma Capital has expanded its build-to-rent development to London with the acquisition of two sites in Havering and Barking.

It has acquired an 80-home development at the £1bn Beam Park regeneration (pictured) that will complete at the end of next year. In Barking town centre, it has also acquired 77 homes at Fresh Wharf, which are expected to complete by spring 2021.

The two schemes were acquired from its partner Countryside Properties and have a development cost of £43.8m. The homes will be operated by Sigma’s Simple Life platform.

Graham Barnet, chief executive of Sigma Capital