£87 million IPO of Springfield Properties plc
About Springfield Properties plc
Springfield Properties is a housebuilder developing a mix of private and affordable housing in Scotland.
Springfield was established in 1956, turned to house building during the 1990s and has been profitable through 60 years of trading.
When the first official Springfield office opened in Elgin in 1996 the company had already completed 124 homes in the area. Springfield has since built over 5,000 homes. The company expanded into Central Scotland in 2010 and in 2011 took on Redrow’s Scottish business in a £49m deal.
The company now employs over 520 people. It operates from two offices, Elgin and Larbert, 20 private sites and 12 affordable sites across Scotland. Springfield builds predominantly family homes for the private and affordable markets.
The Marketing Strategy
"Singer executed our transaction with expertise; they shaped our presentation and message, introduced us to over 50 relevant Institutions and raised the equity needed within an agreed valuation rage and timescale. Singer Capital Markets are a very professional organisation."
Chairman of Springfield Properties plc