Cairn spends €64m on sites

Irish housebuilder Cairn Homes is looking to take advantage of the chronic lack of new houses in Dublin by building about 360 residential units on three sites purchased for €63.7m.

The sites acquired by Cairn include two located in Carrickmines and an 8.11 acre plot in Rathgar.

Combined, the two Carrickmines sites span just over nine acres and have been bought for €20.7m while the third development site changed hands for €43m.