Springfield Properties PLC Progressive publishes new research
June 03 2024 - 2:41AM
RNS Non-Regulatory
RNS Number : 8147Q
Springfield Properties PLC
03 June 2024
Springfield Properties plc:
Village partnership with Barratt speeds
growth
Springfield has entered into a major
partnership with Barratt Developments (BDEV) to accelerate the
creation of the Scottish housebuilder's planned 'village' of over
3,000 homes near the strategically connected city of Stirling. The
sale of the land to Barratt, as part of a new 50:50 strategic
collaboration between Springfield and Barratt, will reduce debt by
more than its previous guidance and should contribute to planned
growth in the medium term.
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