14 INDUSTRY NEWS
Springfi eld and Barratt collaborate on a 3000- home ‘village’
Springfi eld Properties, a leading Scottish housebuilder focused on delivering private and affordable housing, has announced that it has entered into a strategic collaboration agreement with Barratt for the development of the roups urieshill site, creating a new village near Stirling. ith planning in place for 3,000 private and affordable homes alongside new schools, local shops and other business opportunities, community woodlands and greenspace, urieshill involves the creation of a new standalone sustainable village near Stirling and within commuting distance of dinburgh and lasgow. Spanning nearly 00 acres, urieshill is the believed to be the largest detailed planning application for housing development to be approved in Scotland to date.
nder the terms of the agreement, Barratt will, in consideration for half of the land at urieshill, provide and fund the infrastructure development for the entire site, expected to be over the next fi ve years, and has made a cash payment of 10m to Springfi eld. The provision of site infrastructure by Barratt will signifi cantly accelerate the development of the site, whilst eliminating Springfi elds requirement to tie up capital for the next fi ve years. Springfi eld has received 10m from the profi table sale of the initial 3 acres of land. The remaining land will be exchanged for the provision of site infrastructure over the coming years as development milestones are achieved. The cash proceeds from the profi table land sale will contribute to reducing Springfi elds debt. The group expected to report bank debt of approximately 1m, ahead of its stated target of 55m. Innes Smith, CO of Springfi eld Properties, said e are delighted to collaborate with Barratt on this exciting project at urieshill. Our shared values and goals in constructing quality homes and fostering sustainable communities, combined with Barratts fi ve-star reputation, will offer customers increased choice and accelerate delivery in this premier development. e are eager to
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work with Barratt to establish a thriving village at Durieshill. With the substantial size of this site, this partnership marks a signifi cant milestone for Springfi eld, emphasising the worth of our extensive land holdings with planning permission in sought-after locations throughout Scotland. The infrastructure support provided by Barratt will enhance Springfi elds growth prospects in the medium term, minimise risks and optimise our return on capital.
Meadfl eet shortlisted in 2024 awards for biodiversity
Open space management company eadfl eet have been shortlisted in the 202 nlock et ero wards. Their Bee Friendly campaign has been recognised in the Biodiversity and ature ward Category. The campaign aims to make open spaces more wildlife friendly and engage customers and communities in this approach. ot only are the areas eadfl eet manage now more biodiverse, but the enhancements also help mitigate climate change, said the fi rm. The shortlisting recognises eadfl eets commitment to biodiversity whilst encouraging customers and future generations to join them in making green spaces more supportive of wildlife. The aims of the Bee Friendly campaign, which launched in 201, include • Installing over 30,000 m2 wildfl ower meadow
of new
• Creating 1 km of new hedgerow • Planting over 0,000 nectar rich bulbs
• iving away 2000 bee hotels to customers and communities.
eadfl eet said the targets are all on track to be met or exceeded this year.
eadfl eet uses the campaign, alongside other projects to provide engagement and educational opportunities with their 0,000 customers, plus local schools, and community groups, promoting the benefi ts of biodiversity and the importance of a mosaic of habitats within previously more formal landscapes.
dditional areas of wildfl ower, hedgerow and tree planting on open spaces create more wildlife habitats and enrich their local environment, help reduce CO2
and absorb water. avid ing, managing director of
eadfl eet commented e are thrilled to be shortlisted amongst excellent competition in the 202 nlock et ero wards for our Bee Friendly Campaign. Our team has been working hard to improve the open spaces we manage for biodiversity, so we are delighted that our achievements have been recognised by the judges. ing added ith the introduction of Biodiversity et ain legislation earlier this year, it is more important than ever for us to demonstrate to housebuilders our expertise and commitment in successfully managing wildlife habitats. e believe our Bee Friendly initiative demonstrates our commitment to biodiversity and responsible open space management. The nlock et ero wards are hosted in partnership with the British Property Federation and are focussed on recognising the achievements of the housing, built environment and property sectors. For more information about this years entries in the nlock et ero wards, visit www.unlocknet
ero.co.uk/awards
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