Cairn Homes said it has made a successful bid, along with US private equity firm Lone Star, to acquire Project Clear, a portfolio of residential land loans owned by Ulster Bank, for a price of €503 million.
Cairn said it would pay €378 million for its 75 per cent share of the portfolio, which includes loans with a par value of around €2 billion attached to 1,694 acres, including 31 residential development sites. More than...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team