RCS - Springfield Props. - Progressive publishes new research

Springfield PropertiesAnnouncement

03/06/2024 07:45

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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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