Please be advised 020 8089 1696 is the alternative number for contacting Support.

Share Name Share Symbol Market Type Share ISIN Share Description
Sigma Capital LSE:SGM London Ordinary Share GB0004225073 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 106.50p 103.00p 110.00p 106.50p 106.50p 106.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 4.4 4.1 4.2 25.7 95.20

Sigma Capital Group PLC Sale of Completed PRS Site

03/01/2019 7:00am

UK Regulatory (RNS & others)

Sigma Capital (LSE:SGM)
Historical Stock Chart

6 Months : From Oct 2018 to Apr 2019

Click Here for more Sigma Capital Charts.


RNS Number : 0154M

Sigma Capital Group PLC

03 January 2019



("Sigma" or the "Company")

Sale of PRS site

Sigma, the Private Rental Sector ("PRS"), residential development and urban regeneration specialist, is pleased to announce the sale of a completed PRS development site to The PRS REIT plc ("the PRS REIT") for c. GBP11.7m and a forward contract with the PRS REIT over a further site. Both agreements have also been reported by the PRS REIT today in a separate announcement.

The completed PRS development site is located in Salford, Greater Manchester and consists of 73 newly-built properties for the family rental market. The properties comprise a mixture of two, three and four bedroom family homes and together provide a rental income of c. GBP0.7m per annum. Prior to its sale, the site was independently valued by Savills on behalf of the PRS REIT.

In addition, a forward contract over a site near Wakefield has been agreed with the PRS REIT. The site once completed will comprise 72 new homes, and is expected to yield a rental income of c. GBP0.6m per annum. Its gross development cost ("GDC") is c. GBP9.2m.

Including the Wakefield site, Sigma has five PRS sites at various stages of development. These sites once completed will deliver c. 280 new family rental homes for a GDC of c. GBP46.3m and will provide an estimated rental value ("ERV") of c. GBP2.85m per annum. Besides Wakefield, the other development sites are at Harlow in Essex, Nuneaton in Warwickshire, Telford in Shropshire, and Wigan in Greater Manchester. All the sites are under forward contract for acquisition by the PRS REIT once completed and let.

The PRS REIT retains exclusive access to Sigma's PRS Platform and is sourcing up to a maximum of a third of its portfolio through the purchase of completed PRS development sites.


Sigma Capital Group    Graham Barnet, Chief Executive    T: 020 3178 6378 
 plc                                                      (today) 
                       Malcolm Briselden, Finance        T: 0333 999 9926 
KTZ Communications     Katie Tzouliadis, Dan Mahoney     T: 020 3178 6378 
N+1 Singer             James Maxwell, James Moat,        T: 020 7496 3000 
 (NOMAD and Broker)     Ben Farrow 


About Sigma Capital Group plc


Sigma Capital Group plc is a private rented sector, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors. Its subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc.

About Sigma PRS Management Limited

Sigma PRS Management Limited is a wholly owned subsidiary of AIM-quoted Sigma Capital Group plc and is the Company's Investment Adviser. It sources investments and manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and the PRS REIT on a day-to-day basis in accordance with the PRS REIT's Investment Policy. The Investment Adviser is an appointed representative (reference number: 776293) of the AIFM.

About The PRS REIT plc


The PRS REIT is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. In its Initial Public Offering, on 31 May 2017, the Company raised GBP250m (gross) of equity capital, and, on 20 February 2018, raised a further GBP250m through an additional Placing. Both fundraisings were supported by the UK Government's Homes England (formerly Homes and Communities Agency), with direct investments totaling c. GBP30 million.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit



(END) Dow Jones Newswires

January 03, 2019 02:00 ET (07:00 GMT)

1 Year Sigma Capital Chart

1 Year Sigma Capital Chart

1 Month Sigma Capital Chart

1 Month Sigma Capital Chart
Your Recent History
Sigma Capi..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20190425 20:50:00