LONDON (Alliance News) - Irish residential property developer Cairn Homes PLC on Thursday said it has launched its first development at the Parkside project in North Dublin.
The project is Cairn's biggest development, with the 50-acre site offering zoning potential for up to 433 homes. Cairn expects to complete the first 200 homes from the site by the end of 2016.
"We are delighted to officially launch Cairn's first development and to bring a range of high-quality new homes to the market at Parkside. As rent continues to increase across Dublin, there is strong demand for affordable family homes and we look forward to addressing that need with a superior product on well-located sites in Dublin and throughout the country," said Cairn Chief Executive Michael Stanley.
Shares in Cairn were up 0.2% to EUR1.0875 on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Cairn Homes (CRN)