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Springfield Properties PLC
M&A Activity • Jun 3, 2024
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M&A Activity
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National Storage Mechanism | Additional information 
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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