Construction BUSINESS

Cairn Homes in New Joint Development With NAMA

 Breaking News
  • Opening of Stephenstown Link Road in Balbriggan The Stephenstown Link Road, constructed by Jons Civil Engineering, has been officially opened with Mayor of Fingal Cllr Anthony Lavin cutting the ribbon on this key piece of infrastructure development within Balbriggan. The new Link Road in Stephenstown Industrial Park runs from the existing roundabout on the Stephenstown Road to a new roundabout on Clonard Street Road, [...]...
  • The UK National Construction Expo – The Arena MK, Milton Keynes – 1st May 2019 The UK National Construction Expo is being held at the Arena MK, Milton Keynes in England on Wednesday, 1st May 2019. Although British construction activity overall has slowed, chiefly due to businesses continuing to postpone major building projects due to Brexit uncertainty, which is impacting the commercial construction and civil engineering sectors, house building remains buoyant. Of [...]...
  • Key Advisor Line-up For Waterford North Quays and Michael Street Development Projects Falcon Real Estate Development Ireland, the company that is backing the Waterford North Quays and Michael Street development projects, has appointed its key advisors including the leasing agency and design team for the project. Cushman & Wakefield, a leading global real estate service firm, has been appointed as the leasing agency for the entire North Quays [...]...
  • Ballymun’s Potential as a European Leader in Housing Planning and housing experts have examined Ballymun’s potential as a European leader for innovative housing development, as part of the recent Vienna Model of Housing exhibition in Dublin. Previous planning within the Ballymun area indicates a lack of consideration for community development, with no main street or community focal point currently present. Dublin City Council’s local [...]...
  • 200 Construction Jobs at Johnson & Johnson Vision Care Limerick Facility Approximately 200 workers are expected to be employed in the construction phase of Johnson & Johnson Vision Care’s planned €100 million expansion of its manufacturing operations at its site in the National Technology Park, Plassey, Limerick. The project is supported by the Irish Government through IDA Ireland. IDA Ireland CEO Martin Shanahan said: “This is a significant announcement. Already [...]...

Cairn Homes in New Joint Development With NAMA

Cairn Homes in New Joint Development With NAMA
February 07
09:38 2019

Cairn Homes plc, the leading Irish homebuilding company, has announced the signing of an investment venture agreement with the National Asset Management Agency (NAMA) creating a vehicle aiming to build in excess of 550 new homes on a 14.5 acre development site adjoining Cairn’s Parkside development, off the Malahide Road, in Dublin 13.

Under the investment venture agreement, a new company owned 75% by Cairn and 25% by NAMA has acquired the development site. This agreement follows the recent successful completion of Cairn’s first investment venture with NAMA, in which 71 new homes were built and sold at Parkside.

Michael Stanley, Co-Founder and CEO of Cairn Homes, said: “We are delighted to announce our second investment venture with NAMA, further developing on our strong working relationship. This will enable the investment vehicle to leverage existing infrastructure in Parkside, where Cairn has an established brand and a site team which has delivered over 450 new homes in an area of consistently strong demand over the last 3 years.”

Cairn Homes owns 33 residential development sites with capacity for over 14,500 new homes, over 90% of which are located in the Greater Dublin Area (GDA) with excellent public transport and infrastructure links. Cairn is today building on thirteen sites in the GDA, which will deliver over 4,750 new homes.

About Author

admin

admin

Related Articles


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here



Advertisements