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Springfield Properties Secures £18.2m Affordable Housing Agreement

Leading Scottish housebuilder, Springfield Properties has announced a multi-million-pound agreement that will see over 100 affordable homes built in Glasgow.

In a deal costing £18.2m, Springfield Properties will work with West of Scotland Housing Association (WSHA) to deliver 114 affordable homes and two commercial units in the Dalmarnock district of Glasgow.

Andrew Kubski, Director of Development and Asset Management of West of Scotland Housing Association, commented: “West of Scotland Housing Association is excited to be working with Springfield Properties on our first joint Glasgow project. We have been supported both by our own funders and funding provided by Glasgow City Council that allows us to deliver these 114 homes that will form an integral part of WSHA’s development programme and growth strategy to create high-quality energy-efficient homes for our tenants and customers.”

The development forms part of the Clyde Gateway project – Scotland’s largest regeneration programme, and planning consent is already in place.

Construction is expected to commence in March 2020, with handover expected by the end of the 2021/22 financial year.

Under the agreement, Springfield will deliver 114 homes for the WSHA, comprising of one to five-bedroom homes. Plans also include two commercial units.

Commenting on the development, Innes Smith, CEO of Springfield Properties, said: “This is another great contract for Springfield that strengthens our revenue visibility over the next two years. We are also proud to be contributing to the Clyde Gateway regeneration, which is an important programme to stimulate growth in this area in the West of Scotland as well as provide much needed additional housing in Glasgow.

“At Springfield, we believe everyone deserves a good place to live. We know we can build more homes, for more people, by working with strong partners who have the same vision. We are pleased to be partnering with West of Scotland Housing Association for the first time and look forward to delivering well-designed, attractive, highly energy-efficient homes that will have a positive impact on the area.”

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