Sigma is now aiming to maximise shareholder returns from the development pipeline by investing directly into Private Rented Sector (“PRS”) homes; diversifying funding and utilising the delivery model developed to date. £20m equity raised, alongside existing cash and FCF, will fund development of up to £100m (GDV) PRS assets with recurring income and anticipated positive capital trends. Sigma announced in-line interim results which do not yet reflect strong progress in FY15. Looking only at commi ....


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£20m new equity raised for PRS investment
- Published:
12 Aug 2015 -
Author:
Andrew Watson -
Pages:
17 -
Sigma is now aiming to maximise shareholder returns from the development pipeline by investing directly into Private Rented Sector (“PRS”) homes; diversifying funding and utilising the delivery model developed to date. £20m equity raised, alongside existing cash and FCF, will fund development of up to £100m (GDV) PRS assets with recurring income and anticipated positive capital trends. Sigma announced in-line interim results which do not yet reflect strong progress in FY15. Looking only at commi ....