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Springfield issues profit warning as rate hikes hit housing market

Pinsent Masons reports better-balanced partnership and big jump in profits

Springfield buys fellow housebuilder for £46m

Affordable-home builder Springfield Properties is to buy the housebuilding division of Glasgow-based Mactaggart & Mickel Group in a deal worth £46.3m.

Kilmacolm : Housing development by Mactaggart & Mickel wins planning approval

By Ian McConnell Scottish housebuilder Mactaggart & Mickel has welcomed approval by Inverclyde Council of its outline planning application to build around 75 homes in Kilmacolm. And Mactaggart & Mickel said it was “committed to keep working closely with the community” after the local authority backed its planned Quarry Drive development. It noted that its proposals had been approved by councillors at a meeting of the full Inverclyde Council on Tuesday. Craig Ormond, director at Glasgow-based Mactaggart & Mickel, said: “Mactaggart & Mickel are pleased at Inverclyde Council’s approval of our proposed Kilmacolm development. We have developed our proposals to ensure our planned Quarry Drive development fits neatly into the village of Kilmacolm in a sustainable manner.

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