More details have been revealed about a new 250-home development in Sheffield, with PRS specialist SDL Group announced as the partner for all associated lettings and property management.
Sheffield City Council has approved the plans for the development on Prince of Wales Road, to the south east of the city centre. Known as Manor Boot, the site will span 28.6 acres and consist of a mix of three and four-bedroom properties.
The scheme is being led by residential and urban regeneration specialist Sigma Capital Group, alongside Sheffield Housing Company. SDL Group’s appointment sees the continuation of a longstanding partnership with Sigma, which has seen the two companies launch and manage high profile PRS schemes across the UK.
Commenting on the announcement, Paul Staley, director of PRS at SDL Group, said:
“We have played an active part in the planning stage for Manor Boot, advising on the viability of the scheme and helping with the design and layout of the proposed site. It’s great that we will now be working alongside Sigma as the development comes to life, helping people to move into their new homes and ensuring that residents at Manor Boot have the very best experience.
“Our data shows that 50 per cent of our tenants move over three miles to secure the property they want, so we firmly believe this will have a positive impact on the local economy in the immediate area surrounding Manor Boot.
“Sheffield is a vibrant and thriving city and there is huge demand for quality rental property, as we have already seen with our Norfolk Park apartment scheme, which is letting extremely well. With a further two developments in the pipeline with Sigma in the area, we are proud to be playing an ongoing role in the future of Sheffield’s rental market.”
This latest contract plays an important part in the overall growth of SDL’s PRS division, putting the Group’s total number of units at 1,500, reaching a monthly rental of more than 100 new units by the end of 2017.