2 Jul 2012 07:00
AIM: SGM
SIGMA CAPITAL GROUP PLC
("Sigma" or "the Group")
Re: Duncan Sutherland's appointment
as Non-executive Director of HS2 Ltd
Sigma, the finance, property and urban regeneration specialist, is pleased to note the recent appointment of Duncan Sutherland, Chairman of the Group's regeneration subsidiary, Sigma InPartnership, as a Non-executive Director of HS2 Ltd ("HS2"), the independent company, owned by the Department for Transport, established to deliver a high speed rail network between London and the North of England. Duncan Sutherland was also appointed by Scottish Ministers as a Non-executive Director of the Scottish Canals Board earlier this year.
Duncan Sutherland is one of four Non-executive Directors who have been appointed to the Board of HS2 by the Secretary of State for Transport.
Duncan has previously held senior development roles working with Local Authorities, including Director of City Development in Coventry and Chief Executive of the property and investment arm of the City of Edinburgh Council. In 2001, he co-founded InPartnership (renamed Sigma InPartnership after its acquisition by Sigma in August 2011), which established exclusive long term partnerships with three major local authorities (Liverpool, North Solihull and Salford) to realise large scale, long term regeneration projects.
Graham Barnet, Chief Executive of Sigma, said,
"We are delighted that Duncan Sutherland, Chairman of our regeneration subsidiary, Sigma InPartnership, has been appointed by the Transport Secretary as a Non-executive Director of HS2, the company which will deliver the high speed rail network between London and the North of England.
Duncan's substantial experience in major regeneration and infrastructure projects both in the private and public sectors will be invaluable to HS2 as he works with the team to deliver this important and high profile project for the country."
Sigma Capital Group plc www.sigmacapital.co.uk | Graham Barnet, Chief Executive
| T: 0131 220 9444 |
Biddicks | Katie Tzouliadis/ Sophie McNulty | T: 020 3178 6378 |
Singer Capital Markets Limited | James Maxwell/ Nick Donovan | T: 020 3205 7500 |
About Sigma Inpartnership
Sigma InPartnership is a wholly owned subsidiary of Sigma and operates from offices in Manchester and Birmingham. Sigma InPartnership was established as an investment led property-related regeneration company, specialising in the creation of long term, asset-backed partnerships with the public sector.
Sigma InPartnership has secured three partnerships, with Liverpool City Council, Solihull Metropolitan Borough Council and Salford City Council, each ranging from 10 to 20 years' duration. The partnerships hold long term option arrangements with the respective local authorities for a mix of residential, commercial, education and health opportunities. In total, the partnerships provide for the delivery of over 10,000 new homes, a significant number of new retail centres, health/medical centres, schools and mix of retail/ leisure facilities.
The total development value of the opportunities held within the three partnerships is estimated at well over £2 billion.