Cairn looking at sites worth €120m

Newly-floated Irish housebuilder Cairn Homes has said it is considering acquiring 11 new sites with a combined value of around €120m as part of a strong pipeline of expansion opportunities.

“Following on from our very successful initial public offering, Cairn Homes has progressed the acquisition, planning and development of premium sites in Dublin, Galway and Meath.

“The availability of prime development lands continues to be a positive for Cairn Homes and the company is confident in its pipeline to deliver quality homes in a market where there is an acute shortage of supply,” chief executive Michael Stanley said yesterday.