Springfield has been granted planning approval for 75 private rental sector (PRS) homes at Bertha Park. This is a positive step, opening up a new revenue stream for the Group as part of its mixed-tenure offering at the Villages. It is Springfield’s first development to be approved for PRS housing. We expect more to follow, supporting Springfield’s significant medium term growth ambitions. The shares have recovered from recent lows but continue to trade at a substantial discount to peers on P/E ....
30 Nov 2020
Planning granted for first PRS homes at Bertha Park
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Planning granted for first PRS homes at Bertha Park
Springfield Properties PLC (SPR:LON) | 97.5 0 0.0% | Mkt Cap: 115.7m
- Published:
30 Nov 2020 -
Author:
James Tetley | Greg Poulton -
Pages:
3
Springfield has been granted planning approval for 75 private rental sector (PRS) homes at Bertha Park. This is a positive step, opening up a new revenue stream for the Group as part of its mixed-tenure offering at the Villages. It is Springfield’s first development to be approved for PRS housing. We expect more to follow, supporting Springfield’s significant medium term growth ambitions. The shares have recovered from recent lows but continue to trade at a substantial discount to peers on P/E ....