Countryside closes deal for £80m build to rent homes

In a 15-year joint venture with Metropolitan Living, Countryside will deliver nearly 2,500 homes at 17 sites across the Clapham Park Estate

At Clapham Park, the £1bn South London regeneration scheme that Countryside Partnerships is delivering in joint venture with housing association Metropolitan Thames Valley Housing, 115 BTR homes worth £56m will now be created.

The homes will be marketed under Sigma’s private rental brand, Simple Life London.

The wider mixed-tenure regeneration scheme will deliver nearly 2,500 homes, of which 53% will be for affordable tenures. Phase 1 will deliver 520 homes, comprising 282 affordable homes, 123 private homes and 115 homes for rent.

The second deal includes constructing 75 build to rent homes worth £22m at Countryside Partnerships’ mixed- tenure scheme in Spencer’s Park, Hemel Hempstead.

In partnership with Homes England, the site will provide 600 new homes, including the homes marketed under Sigma’s regional brand Simple Life Homes.

In addition to the housing tenures being delivered across both schemes, Countryside Partnerships will also be delivering much-needed community, educational, retail and commercial facilities as well as public realm enhancements.

Stephen Teagle, chief executive of Countryside Partnerships, said: “The addition of build-to-rent homes for two of our major schemes will help to meet the increasing demand for quality rental homes where demand is outstripping supply.

“The deal is testament to the strength of our long-term partnership with Sigma and of Countryside Partnerships’ continuing commitment to building sustainable, mixed tenure communities, working in partnership to respond to the housing crisis.”

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