Sigma Capital has joined forces with Swedish investment firm EQT to create a £1bn housing joint venture, with a view to building around 3,000 new rental homes in London over the next five years.

The new build to rent properties will be delivered across the capital, with the first 361 homes set to be developed in partnership with Countryside after a deal was agreed with the housebuilder. 

Countryside will soon start work on five sites in Ealing, Enfield and Havering, as part of the new agreement. 

Reflecting on the new joint venture between Sigma Capital and EQT, housing minister Christopher Pincher commented: “These 3,000 new homes, backed by £50m from our housing accelerator Homes England, will help us deliver for families across Greater London.”