Springfield signs £6m affordable housing contract
Updated : 07:01
30 May 2024
Springfield Properties plc
("Springfield", the "Company", the "Group" or the "Springfield Group")
Springfield signs £6.3m affordable housing contract
Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announces that it has signed a new contract, worth £6.3m, with the Wheatley Group for the delivery of affordable housing.
Construction will commence immediately and is expected to complete by October 2025, with the majority of the revenue to be recognised in the Group's next financial year.
Innes Smith, CEO of Springfield Properties, said: "This new contract marks another great step for us in affordable housing, building on the excellent momentum with multiple recent contract wins and is a good way to end our current financial year in this area of the business. We are excited to once again be working with the Wheatley Group, a long-term partner of Springfield, to deliver these vitally important affordable homes. With our strong, established relationships with affordable housing providers across Scotland and a large high-quality land bank, we look forward to updating the market on further progress in this area in due course."
Enquiries
Springfield Properties | |
Sandy Adam, Chairman Innes Smith, Chief Executive Officer Iain Logan, Chief Financial Officer | +44 1343 552550 |
Singer Capital Markets | |
Shaun Dobson, James Moat, Oliver Platts (Investment Banking) | +44 20 7496 3000 |
Gracechurch Group | |
Harry Chathli, Claire Norbury, Henry Gamble | +44 20 4582 3500 |
Analyst Research
Equity Development and Progressive Equity produce freely available research on Springfield Properties plc, including financial forecasts. This is available to view and download here:
https://www.thespringfieldgroup.co.uk/news/updates-and-analyst-reports
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