Announced
Synopsis
Springfield Properties, a housebuilder, agreed to acquire the Scottish housebuilding business of Mactaggart & Mickel, a family-owned home builder, for $57m. "We are very pleased to welcome Mactaggart & Mickel's Scottish housebuilding business into the Springfield Group. As well as bringing another premium brand into the group, this acquisition gives us land, with planning permission, in areas of significant demand. The structure of the acquisition - with the majority of the payment to be made as homes are completed - de-risks the deal and creates an effective and efficient means of acquiring land," Innes Smith, Springfield Properties CEO.
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.