Cairn Homes buys Dairygold’s Cork CMP site for €25.6m in city’s biggest housing deal of the year

Cairn Homes’ €25.6m purchase of Dairygold’s former CMP site signals Cork’s growing draw for large-scale residential investment

Dairygold's sale of the former CMP site to Cairn Homes was the largest land deal in the third quarter. Construction work has commenced on the site to deliver more than 600 apartments. Picture: Pedersen Focus

Dairygold’s €25.6m sale of the former CMP site on Cork's Kinsale Road to Cairn Homes was the largest land development deal in the third quarter, according to Savills Ireland.

The 8.4-acre residential site has full planning permission for 606 units and several commercial units, with site preparation work currently underway ahead of its full development. Housing agency Respond is due to take on the completed scheme under a social and cost-rental model.