{"id":32749,"date":"2026-08-17T07:02:26","date_gmt":"2026-08-17T07:02:26","guid":{"rendered":"https:\/\/microvibenews.com\/?p=32749"},"modified":"2026-08-17T07:02:26","modified_gmt":"2026-08-17T07:02:26","slug":"springfield-sells-land-to-settle-mactaggart-mickel-deal-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=32749","title":{"rendered":"Springfield sells land to settle Mactaggart &#038; Mickel deal \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"570\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Innes-Smith-of-Springfield-Properties-.png\" alt=\"Innes Smith of Springfield Properties\" class=\"wp-image-187579 lazyload\" style=\"width:840px;height:auto\"\/><img loading=\"lazy\" decoding=\"async\" width=\"794\" height=\"570\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Innes-Smith-of-Springfield-Properties-.png\" alt=\"Innes Smith of Springfield Properties\" class=\"wp-image-187579\" style=\"width:840px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Innes-Smith-of-Springfield-Properties-.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Innes-Smith-of-Springfield-Properties--300x215.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Innes-Smith-of-Springfield-Properties--768x551.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/12\/Innes-Smith-of-Springfield-Properties--600x431.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Innes Smith: clear strategy<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Springfield Properties has sold land in central Scotland for \u00a312m, part of which will be used to make the final payment on its acquisition of the Scottish housebuilding business of Mactaggart &amp; Mickel Group four years ago.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The land sale, equating to 170 plots, is in line with the Elgin-based company\u2019s cash targets. Springfield has used \u00a36.5m of the proceeds to settle its outstanding payment on the M&amp;M deal.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Innes Smith, chief executive of AIM-traded Springfield, said:\u00a0\u201cTwo years ago, we set out a clear strategy to unlock value from our substantial land bank through a series of profitable land sales, and this transaction marks the successful completion of that programme. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cAs recently announced, we reached a net bank cash position ahead of market expectations. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cNow, by applying proceeds from this land sale to settle the final Mactaggart &amp; Mickel acquisition payment, we have also completed the deferred consideration significantly ahead of schedule.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThis milestone further strengthens our balance sheet and our position to capitalise on future growth opportunities.\u201d<\/p>\n<p><!-- Simple Share Buttons Adder (8.6.0) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Springfield #sells #land #settle #Mactaggart #Mickel #deal #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Innes Smith: clear strategy Sp&hellip; <\/p>\n","protected":false},"author":1,"featured_media":4402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[266,265,110,3273,19076,19075,19077,136,3429,4197,4195],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32749"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32749"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/4402"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}