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Grainger signs exclusive deal with Sigma Capital Group

Mon, 10th Nov 2014 09:25

UK residential property owner and manager Grainger has signed an agreement with Sigma Capital Group granting the FTSE 250 company the exclusive option for an initial four-year term to acquire certain development opportunities.The residential and urban regeneration specialist has given Grainger the right to acquire development opportunities of 100 units or more that will be sourced by Sigma. The units will create a large-scale private rented sector portfolio across the main cities of England outside Greater London, it said. Under the agreement, Grainger will appraise each development opportunity individually. The two companies have already identified a number of sites that they are looking to progress.Grainger currently expects to fully own the initial developments sourced by Sigma, although in the future it may also look to syndicate its investment to third party investors, which could include Sigma.Sigma is also expected to act as development manager on the majority of projects and will earn a profit share on each development, split into a sourcing fee and a development management fee, the company explained.Grainger chief executive Andrew Cunningham said: "This agreement leverages both Sigma's excellent relationships with Local Authorities and housebuilding partners across the UK and Grainger's proven track record in managing residential property, whilst providing an innovative new avenue for investment."We are at the forefront of the private rented sector and remain committed to delivering high quality new homes, benefitting local communities whilst delivering shareholder value."
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20 Jan 2014 10:34

DIRECTOR DEALINGS: Sigma Capital COO Sells 95,000 Shares

LONDON (Alliance News) - Sigma Capital Group PLC Monday said Chief Operating Officer Graeme Hogg sold 95,000 shares to his self-invested personal pension at a price of 51 pence per share Friday. Following this transaction, Hogg's unchanged interest remains at 513,429 shares, representing 1.

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28 Nov 2013 17:26

DIRECTOR DEALINGS: Sigma Capital Executives Buy Shares

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28 Nov 2013 12:27

CORRECT: AIM IN BRIEF: Herstal Emerges As Favourite To Acquire Manroy

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28 Nov 2013 12:22

UK WINNERS & LOSERS: Carney Knocks Down Housebuilders, Cameron Snuffs Tobacco Shares

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28 Nov 2013 12:14

Sigma Soars As It Creates New JV To Build Affordable

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28 Nov 2013 10:08

Sigma Capital soars on major housebuilding agreement

Shares in property investor Sigma Capital have leapt after the AIM-listed company signed a major house-building joint venture with Shariah-compliant investment bank Gatehouse. The joint venture is to back the construction of an initial 2,000 new privately rented residential homes in north-west UK,

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28 Nov 2013 08:22

AIM IN BRIEF: Beretta Emerges As Favourite To Acquire Manroy

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14 Oct 2013 07:18

Sigma Capital Group Agrees GBP200K Sale Of Portfolio Company

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30 Sep 2013 14:37

Sigma Narrows Losses As Property Division Performs Well

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8 Feb 2013 16:16

Home Retail's Finance Director sells shares

The Financial Director of Home Retail, Richard Ashton, on Thursday sold 249,975 shares in the household goods retailer, three weeks after the company raised its full-year profit expectations on the back of increased sales at its Argos business over the Christmas period. The shares were sold at 127.

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7 Feb 2013 10:08

Sigma sales meets expectations as it appoints new COO

Property and urban regeneration specialist Sigma Capital Group on Thursday reported a slight increase in profits in the second half of 2012 and said it was trading in line with expectations. Net cash at year-end rose to £1.0m from £0.7m over the six month period, meeting management's forecasts, but

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4 Apr 2012 15:45

Millennium and Copthorne Hotels non-exec makes sale

Richard Hartman, a Non-Executive Director of FTSE 250 firm Millennium and Copthorne Hotels, sold 132,694 shares in the company on April 3rd at a price of 478.00p each. The £634,277 transaction followed the vesting of around 479,000 shares under the firm's long term incentive plan on March 30th 200

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31 Jan 2011 18:12

Frontier IP goes to 20% premium

Frontier IP has gone to a 20% premium to its placing price by the end of the first day's dealings on AIM. The intellectual property developer raised £1m gross from a placing at 50p a share as part of its move from Plus-quoted to AIM. The shares closed the first day at 60p each. That values Frontie

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1 Feb 2010 08:07

Small caps round-up: Synchronica, Works Media, Intercede...

Synchronica says it is awaiting final documentation for a major order delivered at the end of December. On the assumption that this documentation is received, revenue for 2009 will be broadly in line with market expectations at around £4.5m. Works Media said it has completed a review of the busines

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