Construction will start immediately and is expected to complete by October 2025.
The majority of revenue from this project is due to be recognised in the housebuilder’s next financial year.
- Octopus acquires 180 affordable homes from Golding
- Government launches reforms to help councils build more affordable homes
- Value of Scottish projects given detailed planning approval increases 11% year-on-year
Innes Smith, CEO at Springfield, said: “This new contract marks another great step for us in affordable housing, building on the excellent momentum with multiple recent contract wins and is a good way to end our current financial year in this area of the business.
“We are excited to once again be working with the Wheatley Group, a long-term partner of Springfield, to deliver these vitally important affordable homes.
“With our strong, established relationships with affordable housing providers across Scotland and a large high-quality land bank, we look forward to updating the market on further progress in this area in due course.”
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