Building blocks

Despite Cairn Homes doubling output and revenue, housing supply is nowhere near meeting demand - and there’s no quick fix available

10th March, 2019
4

Doubling building output, doubling revenue, tripling operating profit and announcing plans to pay its first dividend to its shareholders. By any measure, it was a good year for Cairn Homes, the €1 billion housebuilder that has assembled some of the prime building sites in Dublin, including part of RTÉ’s Montrose campus.

However, towards the end of a one-hour briefing for journalists on its 2018 annual results, Cairn’s chief executive and founder Michael...

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