Cairn Homes in North Dublin investment agreement with NAMA

Cairn Homes has completed an investment agreement, in which the National Asset Management Agency (NAMA) has a minority interest, to form a joint venture to build 71 residential units on a site adjoining its Parkside development in North Dublin.

It said construction was to being immediately.

The development, to be completed this year, would have an estimated gross sales value of €25m, of which €18.1m, representing 52 units, had already been secured through strong pre-sales in January and February 2017.

At 12:35 GMT, shares in Cairn Homes were up 0.19% to 1.31p each.