Springfield Properties has provided their trading update for the six-month period ahead of their interim results, due to be announced in February 2018. Springfield are a leading house building company who work to deliver private and affordable housing. The trading update that has been released covers the six-month period ended 30 November 2017.

The Company will be providing more details on their operations at the time of their interim results. In the meantime, the company has released news that they have made good progress in both the private and affordable housing divisions. The updates that have been released show that the company’s progress has been underpinned by the requirement of more homes across Scotland for private individuals across all tenures in the affordable and the social housing sector. Because of this work it is thought that Springfield Properties will report their revenues for the first half of the 2017/18 period will be in line with the management’s expectations, which will lead to the declaration of an interim period for the period.

Springfield, the leading housebuilder in Scotland has been working over this trading update period to advance the development of villages which are under creation across Scotland. The Company has made progress with their first village, Dykes of Gray in Dundee, here sales are ahead of the Company’s target for the year to date. In September of this year, Springfield’s new 3,000 home village in Perth went on sale, and work on the site commenced. The Company have also revealed their intention to submit plans for another 3,000 home village. Springfield Properties has had their legal agreement for 870 of 2,500 new homes in a village south of Elgin finalised.

The affordable housing division of the company has been shown to perform as expected according to the recent trading update and has reached a milestone when they welcomed the Housing Minister Kevin Stewart, to their affordable housing development in Muirhouse, Edinburgh.