Boardroom Briefing

Cairn is first listed homebuilder in nearly 20 years

14th June, 2015

✽ Cairn Homes became the first Irish housebuilder to the join the stock market in nearly 20 years last week.

The company last week raised almost €385 million from new investors, which will be used to acquire and develop homes in Ireland and Britain. Cairn said it has five sites ready to develop, and it is in talks to acquire four further land banks for housebuilding; an additional nine sites are under consideration.

“The Cairn business model...

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