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Springfield Properties to achieve net cash by 2027 after £64.2M land sale, aiding debt repayment and housing demand in northern Scotland.
Springfield Properties, a Scottish housebuilder, is set to reach a net cash position by 2027 after selling nearly 2,500 land plots to Barratt Redrow for £64.2 million.
The proceeds will help repay outstanding debts and capitalize on the growing demand for housing in northern Scotland, driven by major green infrastructure projects.
These projects, including upgrades to the electricity network, are expected to create thousands of jobs and boost the local economy.
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Springfield Properties alcanzará efectivo neto para 2027 después de la venta de terrenos de 64,2 millones de libras, ayudando al pago de la deuda y la demanda de vivienda en el norte de Escocia.