Edinburgh rental homes specialist Sigma to be bought in bumper £190 million deal

Sigma Capital Group, the Edinburgh-based residential development and urban regeneration specialist, is to be bought in a deal that values the group at almost £190 million.

If the acquisition by pan-European property specialist PineBridge Benson Elliot is approved by shareholders it would mark the loss of another Scottish listed firm from the London stock market.

Sigma, which also has offices in Manchester and London, has already delivered thousands of new family homes for rent south of the Border and launched its first private rental development in Scotland earlier this year.