StockMarketWire.com - Scotland-focused affordable housing provider Springfield Properties said it had made its first land acquisition in Inverness, as it continued a geographic expansion into the Highlands.

The company said it had purchased Easterfield Farm in Inverness, for an undisclosed sum.

Easterfield Farm was a 14-acre development for around 90 homes.

In total, Springfield said it was considering plans for around 3,000 new homes across a number of developments in, and around, Inverness and in Highland towns and villages, including Ardersier, Drumnadrochit, Dornoch and Beauly.

At 9:31am: [LON:SPR] Springfield Properties Plc share price was +2.5p at 105p



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