Kinleigh Folkard & Hayward (KFH) has won a lucrative five-year deal to let and manage 3,000 new build-to-rent rental homes in the Capital.
The EQT Real Estate and Sigma Capital Group joint venture appointed the London agent to let and manage its expanding residential portfolio.
Formed in September 2020, the joint venture links residential development and urban regeneration specialist Sigma with EQT Real Estate, the real estate platform of global investment firm EQT.
Starting in April with the first apartments available in East London, the group aims to deliver an initial portfolio of about 3,000 new homes for rent over the next five years, worth at least £1 billion.
The build-to-rent apartment blocks will be in Greater London’s more affordable areas, predominantly in Zones 3-6. KFH will manage assets within the joint venture company’s portfolio under its Simple Life London brand, an extension of Sigma’s existing Simple Life build-to-rent management operation.
Paul Masters (pictured), group operations director at KFH, says: “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.
“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.”
Rob Sumner, residential investment director at Sigma, says: “KFH has established an excellent reputation in the private rental property market in London and their values of exceptional customer service align with ours.
“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.”