London lettings network Kinleigh Folkard & Hayward has been appointed to manage and let a huge new portfolio of around 3,000 Build To Rent homes underway across the capital.
EQT Real Estate and Sigma Capital Group have formed a joint venture group to deliver an initial portfolio of 3,000 units in Greater London over the next five years with a value in excess of £1 billion.
Most of the schemes will be apartment blocks in Zones 3 to 6.
KFH, which currently oversees a £12 billion portfolio of 30,000 residential units across London, will be managing assets within the joint venture company’s Simple Life London brand.
“During the last six months, we have built a close working relationship with the Sigma team in preparation for the imminent first releases in East London” explains Paul Masters, group operations director at KFH.
“This appointment reinforces our position as the essential partner to help deliver Build To Rent solutions to best in class owners in the London market.”
Sigma’s residential investment director Rob Sumner adds: “We look forward to the launch of our first completed apartments in East London and to welcoming our first Simple Life London residents before the end of April.”
This post has originally been featured in Letting Agent Today.