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Pin to quick picksSpringfield Pr. Regulatory News (SPR)

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Progressive publishes new research

3 Jun 2024 07:41

RNS Number : 8147Q
Springfield Properties PLC
03 June 2024
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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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About Progressive:

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Progressive is an equity research and investor engagement company. FCA authorised and regulated, the firm has a 15-strong team of highly experienced analysts. We provide Institutional grade research and connect companies with investors across every sector of the market.

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