Springfield has acquired the Scottish housebuilding business of Mactaggart & Mickel, extending its presence in the Central Belt and securing 17 new sites with planning in an area of significant demand. As a highly regarded housebuilder with a c.100 year heritage, Mactaggart & Mickel looks an excellent cultural and strategic fit. Total consideration is up to £46m, the majority of which will be paid in instalments as homes are completed. The acquisition is being funded through existing facilities ....
22 Jun 2022
Acquisition of high quality builder in Central Belt
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Acquisition of high quality builder in Central Belt
Springfield Properties PLC (SPR:LON) | 95.0 0 0.0% | Mkt Cap: 112.7m
- Published:
22 Jun 2022 -
Author:
James Tetley -
Pages:
3
Springfield has acquired the Scottish housebuilding business of Mactaggart & Mickel, extending its presence in the Central Belt and securing 17 new sites with planning in an area of significant demand. As a highly regarded housebuilder with a c.100 year heritage, Mactaggart & Mickel looks an excellent cultural and strategic fit. Total consideration is up to £46m, the majority of which will be paid in instalments as homes are completed. The acquisition is being funded through existing facilities ....