Cairn Homes could sell 3,000 more apartments to ‘cuckoo’ funds

Cairn Homes could sell thousands of additional apartments to institutional investors for use in the private rental market, rather than making them available to individual homebuyers

15th September, 2019
Cairn Homes chief executive Michael Stanley

Cairn Homes could sell thousands of additional apartments to institutional investors for use in the private rental market, rather than making them available to individual homebuyers.

The listed housebuilder has identified nine planned apartment developments and another which is currently under construction as potential private rental sector (PRS) “opportunities”, having already completed two such deals in the past 15 months. The ten developments could provide more than 3,000 units in total.

Cairn Homes chief executive...

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