Builder Stewart Milne hammers out funding deal
Stewart Milne Group has secured a £185 million funding package as the firm looks to tap into a strong housing market and extend its geographical reach.
The £185 million banking facility has been put in place as the Aberdeen-based builder embarks on a number of new residential developments, increasing its presence across Scotland and the north-west of England. It is also ramping up its timber frame systems business amid rising demand from housebuilders and contractors for offsite construction.
The new banking package has been agreed with Bank of Scotland and will form a key element in... read more
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