Springfield sells off plots to Barratt Redrow and plans to switch focus to homes in northern Scotland for green energy workers

By Carl Brown2025-02-17T09:26:00

Source: Shutterstock

Scottish housebuilder eyes expected demand from thousands of workers needed in region

Springfield Properties has agreed to sell nearly 2,500 plots of land to Barratt Redrow for £64.2m.

The Scottish housebuilder said the proceeds from the sale will be used to more quickly pay down its outstanding bank debt, which stood at £62.9m as of 30 November.

It said the move will also capitalise on the “substantial need for new housing” expected in the north of Scotland due to growth in green infrastructure.

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