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Report by Sherry FitzGerald highlights dramatic fall-off in investment on back of higher interest interests

Listed housebuilder Cairn Homes has sold an 11.5 acre site in Greystones, Co Wicklow to the Department of Education.

Builder Cairn Homes has sold 150 homes in Lucan to Irish investment management firm Carysfort Capital and Wall Street financial giant Angelo Gordon for €48.6m.

Cairn Homes to post lower profits and sales for 2020 Updated / Wednesday, 13 Jan 2021 10:04 Cairn Homes CEO Michael Stanley Housebuilder Cairn Homes said it closed 743 new home sales during 2020, a decrease on the 1,080 new home sales the previous year.  In a trading update, Cairn Homes said it generated total revenues of about €260m for the year, a decreased of €435.3m the previous year. This included about €14m from non-core site sales, it added.  Operating profit for the full year is expected to be about €24.1m, down from €68m in 2019. "Cairn generated a meaningful operating p...

Profitable 2020 with in Excess of € 200m Forward Sales Carried into 2021     13   January 2021: Cairn Homes plc ( " Cairn" , or the " Company " ) (Euronext Dublin/LSE: CRN), the leading Irish homebuilding company, today issues a Trading Update for the year ended 31 December 2020 in advance of full year results to be announced on 4 March 2021.   · Business delivers a resilient c. €24 million operating profit in stop-start year. · Balance sheet strengt...