Cairn Homes plc is an Irish homebuilder with a highly experienced management team who have a strong track record of delivering high quality homes in Ireland and the United Kingdom. The Company has a clear strategy to deliver high quality new homes with an emphasis on design, innovation and customer service, in urban areas of Ireland, with a focus on Dublin, the Dublin commuter belt, Galway, Cork and other large cities, where the Directors believe economic trends are supportive of housing demand and pricing.

Where will they get the 378m euro's from.
2517

From its IPO, one of the best-capitalised housebuilders in Ireland.

Am I right in thinking the co. will borrow the funds needed to build, and service the debt/loan by selling their completed houses, or maybe sell SOME of the land off in order to raise funds to build. It's a tall order for such a small co. If you are in dc good luck, I'll stay away for now.

That should see the sp rocket.
2517

Project Clear Acquisition Completion
RNS
RNS Number : 9156I
Cairn Homes plc
14 December 2015







Press Release



Cairn Homes completes Project Clear Acquisition



Dublin/London, 14 December 2015: Cairn Homes Plc ("Cairn" or "the Company") (LSE:CRN), the Irish homebuilding company, today confirmed that it has completed its acquisition of the Project Clear residential land portfolio from Ulster Bank, which was announced last Monday as a joint acquisition with Lone Star.

Cairn has acquired c. 75% of the portfolio at a cost of €378 million. The entire portfolio consists of 1,694 acres, which includes 31 residential development sites. The deal gives the Company the opportunity to build over 14,000 new homes over the coming years, with an expected net development value of in excess of €2 billion.

Commenting on today's announcement, Cairn CEO Michael Stanley said, "We are delighted to have successfully completed this strategically important acquisition. This transaction will unlock the most significant land bank available in Ireland".

ENDS

Cairn Announces Hanover Quay Site Purchase
RNS
RNS Number : 7963K
Cairn Homes plc
05 January 2016







Press Release



Cairn Homes announces the purchase of site in Hanover Quay, Dublin 2

Dublin/London, 5 January 2016: Cairn Homes Plc ("Cairn" or "the Company") (LSE:CRN), the Irish homebuilding company, today announced that it has contracted to acquire a site in Hanover Quay, Dublin 2 from a sub-fund of Targeted Investment Opportunities ICAV in which NAMA, Bennett Construction and Oaktree have an economic interest.

This acquisition is Cairn's first in the South Dublin docklands Strategic Development Zone ("SDZ"), which is in close proximity to both the Dublin 2 business centre and the Dublin 'Silicon Docks' area, home to many of the leading US technology firms, which are based in Dublin. At a cost of €18m and with a footprint that will allow for the development of in excess of 100 apartments, the Hanover Quay site represents another milestone purchase for the Company. The acquisition is expected to complete in early February 2016.

Commenting on today's announcement, Cairn CEO Michael Stanley said, "We are delighted to announce the acquisition of this exceptionally located site in Hanover Quay, Dublin 2, part of the South Dublin docklands Strategic Development Zone. The acquisition represents another key achievement for the Company and provides Cairn with the opportunity to provide much-needed quality homes in the Dublin business centre and 'Silicon Docks' area of the city, which has a particularly acute demand for new homes. The site has the benefit of an existing planning permission, thus enabling us to commence construction during 2016".

ENDS

Cairn and Hines announce Cherrywood Housing Deal
RNS
RNS Number : 8641O
Cairn Homes plc
12 February 2016



Press Release



Cairn Homes and Hines Ireland announce Housing Deal for Cherrywood



Cairn Homes to join Hines to bring masterplan's vision to life

€30.7 million agreement to deliver in excess of 300 new homes



Dublin/London, 12 February 2016: Cairn Homes Plc ("Cairn" or "Cairn Homes") (LSE:CRN) and Hines Ireland ("Hines") today announced an important step in the plan to expedite the delivery of high quality homes under the masterplan for the Cherrywood Strategic Development Zone in South Dublin.

The deal highlights Hines' intention to work with experienced house builders who share their focus on quality and have the capability to work on projects of scale. Cairn and Hines are pleased to announce Cairn's acquisition of these Cherrywood sites, as Cairn's design-led approach will strongly complement the overall Hines development strategy for the site. Cairn has purchased two lots for €21.5 million, with an option to purchase a third lot for €9.2 million on receipt of planning permission. Subject to planning approval, this deal will see the provision of over 300 new homes on a portion of the Cherrywood site that is being designed in accordance with the vision set out in the site's masterplan.

On acquiring Cherrywood in November 2014, Hines tasked a large team of planners, surveyors and architects to bring forward an integrated masterplan proposal for this landmark development to include the construction of a new retail-led, mixed use town centre and up to 3,800 apartments and houses. The planning applications for the key initial infrastructure were lodged in late 2015 and work is well underway to submit planning applications for the town centre in mid 2016 to deliver the first homes on the site.

The Chief Executive of Cairn Homes, Michael Stanley, said "We are delighted to announce the acquisition of this extremely well located site at Cherrywood, in the South of the city. We look forward to bringing our house building skills to one of Dublin's most important new developments. The visionary masterplan developed by Hines, in conjunction with Dun Laoghaire-Rathdown County Council, will offer our future customers many benefits, including three landscaped parks, a wide range of leisure facilities, a retail led town centre, primary and secondary schools and an unrivalled transport infrastructure, making Cherrywood a truly exceptional place to live".

Commenting on the announcement, Brian Moran, Senior Managing Director of Hines Ireland said: "We are very pleased to conclude this deal with Cairn Homes as an important step in expediting the delivery of high quality homes in Cherrywood. Cairn very much shares our vision of a dynamic, sustainable community that is based on progressive building techniques, quality design and innovation.

Cherrywood has unrivalled potential and today's announcement again demonstrates the momentum now behind this project that will ultimately be home to approximately 25,000 residents."

It is hoped the major road network investment proposed in the recent planning applications, which will mark the first phase of development, will commence in the coming months.

This upfront investment, combined with the planning applications for the town centre, will further progress the site masterplan and leverage Cherrywood's unique attributes including four LUAS stops and links to the country's motorway network at the junction of the N11 and the M50.



ENDS

Project Clear Asset Transfers and Site Acquisition
RNS
RNS Number : 9213R
Cairn Homes plc
14 March 2016



Press release



Cairn Homes Plc Announces First Asset Transfers under Project Clear and a Further Site Acquisition

Dublin/London, 14 March 2016: Cairn Homes Plc (LSE:CRN), ("the Company") the Irish homebuilder, today announces the first of its asset transfers under the recently acquired Ulster Bank Project Clear loan portfolio.

The Company expects to make prompt progress on its loan-to-own strategy, as evidenced by the fact that three separate development sites (15% of the Project Clear portfolio) have now moved into the Company's direct asset ownership just three weeks after the end of the sub-participation period (ended 19 February). Those sites are

· A one acre site in Stillorgan, Co. Dublin (formerly Blakes restaurant);

· An eight acre site at Cross Avenue, Blackrock, Co. Dublin; and

· A six acre site at Moyglare in Maynooth.

In a separate transaction, Cairn has contracted to acquire an additional site adjacent to the Moyglare site referred to above, from York Capital, at a cost of €27 million. The acquisition of this site, which adjoins NUI Maynooth, increases the value of the combined holding, creating the potential for a 430 unit housing development in a town with significant demand, in addition to a 500-bed student accommodation scheme.

Michael Stanley, CEO, of Cairn Homes said;

"We are delighted to announce the first site transfers under our Project Clear loan-to-own strategy, just three weeks after Cairn assumed all rights and obligations associated with this portfolio. The separate Maynooth site acquisition adds value to the adjoining Project Clear asset, creating potential for one of the largest developments in Maynooth, a key student and Dublin commuter belt community, as well as a prime location for foreign direct investment into Ireland."



-ENDS-

10:20 23/08/2016
Broker Forecast - Davy Research issues a broker note on Cairn Homes Plc

Davy Research today reaffirms its outperform investment rating on Cairn Homes Plc (LON:CRN) and set its price target at 30p. Story provided by StockMarketWire.com

Not much recent info, it would be nice to know how things were progressing with the major road network (mentioned in post 12) for a start. Just seems to be slow on releasing news, unless there is no news to release which dampens enthusiasm.
That's some upside on current sp.
2517

2517GEORGE - Not in this, just interested in watching. I may be wrong but the sp currently stands at just over a Euro. A euro converted back to pounds equals about 86p. So the broker note of 36p is not very encouraging. The sp is not 1.01 pence but 1.01 Euros.

DC that seems strange given the broker's outperform rating. Confess I thought it was 1.01p.
2517

Looks like a broker error ?

Interim results

dc are you still in these?

No, 2517GEORGE, sat on the side line and never invested. Are you?

dc the sp has gone up significantly, so of course I haven't been in them, did the same as you. Holders will have their fingers crossed hoping I don't buy in. Ha! Ha!

The company seems to be doing very well judging by the sp.

Your post 9 worried me. :-))

dc I'm broke, haven't got a penny to my name, zilch mondiflous, no money, skint, so it's not worth trying to claim off me. LOL

Mind you my post (9) was right re the direction of the sp

Your the richest man on here. lol

I wish.