Private rented sector (PRS) and regeneration specialist, Sigma Capital is on track to deliver its proposed 3,000 new homes by the end of the year.

The company is aiming to be the UK’s largest housing delivery platform and the leading PRS provider with work ahead of plan on the second phase of PRS delivery, with partner Gatehouse Bank, for 900 new rental homes across Liverpool and other North West sites.

Sigma is also expecting to deliver profit before tax in excess of £2 million which has been built on the delivery of PRS units in 2015 that was ahead of initial targets laid down by senior management.

Graham Barnet, CEO of Sigma Capital Group, says: “We are delighted to begin 2016 on such a positive note. The past year marked a turning point for Sigma and we are now seeing increasing momentum in the delivery of quality rental homes for families in Liverpool and Greater Manchester.

“Over the next few months, we will be launching house building programmes together with our partners in in the Midlands and the South, which will contribute towards our target of delivering 10,000 new rental homes over the next four years or so.”

During the first half of the year, Sigma will begin construction with its second house building partner, Keepmoat, which will add additional capacity alongside long term partner, Countryside Properties, with the partnership allowing for greater access to further land opportunities.

The Sigma board expects to announce full year results in mid-April when a further update on trading will be provided.

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