Cairn Homes plc has today been granted full planning permission by South Dublin County Council for the first phase of its new housing scheme as part of the Clonburris Strategic Development Zone (SDZ), an ambitious new suburb in Dublin 24 located just 13km from the City Centre targeted to provide new homes for 25,000 people.

Cairn Homes plc welcomes the Government’s decision to approve a multi-annual grant-funding package of €186.3m of infrastructure investment for the Clonburris Strategic Development Zone (SDZ).

The First Home shared equity scheme is a new €400 million government initiative designed to support first-time buyers to buy new houses and apartments.

Cairn Homes plc has completed a refinancing of its €277.5 million syndicate facility into a sustainability linked term loan and revolving credit facility with AIB, Bank of Ireland and Barclays Bank Ireland. Following the refinance, the Company is maintaining its total debt facilities at €350 million.

Cairn Homes plc today issues a Trading Update for the six months ended 30 June 2022 in advance of interim results to be announced on 8 September 2022.

We recently held our first Regional Subcontractor Evening in Cork. The event was a great opportunity to meet with our new and prospective partners and update them as to where we are, and our plans for the future.