Springfield Properties PLC Springfield signs £6m affordable housing contract
May 30 2024 - 2:00AM
RNS Regulatory News
RNS Number : 3585Q
Springfield Properties PLC
30 May 2024
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
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Springfield Properties
|
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Sandy Adam, Chairman
Innes Smith, Chief Executive
Officer
Iain Logan, Chief Financial
Officer
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+44 1343 552550
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Singer Capital Markets
|
|
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Shaun Dobson, James Moat, Oliver
Platts (Investment Banking)
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+44 20 7496 3000
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Gracechurch Group
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Harry Chathli, Claire Norbury, Henry
Gamble
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+44 20 4582 3500
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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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END
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