Springfield Properties has signed an agreement with SSEN Transmission to deliver almost 300 homes across the north of Scotland to support major electricity grid upgrades.
The AIM-listed housebuilder said the agreement with Scottish Hydro Electric Transmission plc will see 293 homes delivered across six sites in Highland, Moray and Aberdeenshire.
The homes will be leased for an initial four-year period to accommodate workers involved in SSEN Transmission’s programme to upgrade the national electricity transmission grid.
Springfield will initially carry out enabling works on selected sites, with SSEN Transmission funding site-opening costs.
The company expects to deliver the homes on a phased basis over the next three years, with options at the end of the lease period including private sale, private rental or sale to affordable housing providers.
Springfield said it is also in discussions on further similar agreements with SSEN Transmission and other major infrastructure providers.
The company also reported that trading for the six months to 30 November 2025 was in line with management expectations, with expected revenue of around £106million and net bank debt reduced to approximately £40million, down from £62.9million a year earlier.
Chief executive Innes Smith said: “We are delighted to have signed our first agreement to provide housing to support the delivery of crucial infrastructure upgrades across the North of Scotland.”
He added: “Turning to our trading, we are pleased to have performed in line with our expectations for the first half, including a significant reduction in bank debt compared with this time last year.”
Commenting on the agreement, Rob McDonald, managing director of SSEN Transmission, said: “This agreement with Springfield represents a milestone in our housing legacy commitment. It's more than just bricks and mortar – it's about creating long-lasting value for communities, providing much-needed homes, and supporting the workforce delivering vital grid upgrades.”
Springfield said further detail would be provided in its interim results, expected in February 2026.