Springfield secures housebuilder Dawn Homes after raising £15m

Dawn Homes

Leading Scottish housebuilder Springfield Properties has acquired Glasgow-based fellow housebuilder Dawn Homes for up to £20.1m using gross proceeds of £15m raised through a share placing to complete the deal.

Dawn Homes focuses on private housing in West Central Scotland and Ayrshire and has a 15-year land bank in place with its £6.7m net debt also assumed by Springfield after the acquisition.

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