Friday May 29, 2020

Invested: Can a plc model fix the housing crisis?

Cairn Homes could have the business model to help solve problems facing the housing market

22nd May, 2016
Michael Stanley, chief executive, Cairn Homes Pic: Feargal Ward

In a housing market beset by negativity and crisis, Cairn Homes stands out for its optimism. In the year since its initial public offering, the London-listed Irish housebuilder has used the proceeds of its flotation and subsequent fundraising to acquire a land bank of 25 development sites with the combined capacity to deliver in excess of 11,000 homes. Cairn’s chief executive, Michael Stanley, describes the problems facing the housing market and how he thinks his...

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