Homes to be built in Scotland
Scottish housebuilder Springfield Properties has signed a deal with Sigma to deliver private rented homes in Scotland.
This represents Springfield’s first partnership for the private rented sector (PRS) and is targeting the release of hundreds of homes in the coming years.
Under the terms of the agreement, Springfield and Sigma will collaborate to acquire and develop sites in Scotland for the private rental sector.
A number of Springfield sites, primarily the group’s Village developments in Dundee, Edinburgh, Perth and Stirling as well as its development in Inverness, have been identified as potential sites for PRS development.
Subject to meeting certain criteria, Sigma will purchase part of these sites from Springfield and will award the firm a fixed-cost design and build contract to deliver housing on the acquired land.
Following handover of the completed homes by Springfield to Sigma, the homes will be let and managed by Sigma.
The firms will also look to identify other sites for Sigma to acquire for the purpose of PRS housing development by Springfield.
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