In reporting its results for the full year 2017, Cairn Homes Plc said it completed the roughly €9.2 million acquisition of the land adjoining its Cherrywood site in Dublin.
In another deal, the company agreed to pay as much as an additional roughly €8.8 million to the sellers of the site that Cairn Homes bought as part of the Argentum property portfolio acquisition, if the parcel is rezoned for residential development by Feb. 25, 2019. Cairn Homes bought six sites in greater Dublin for €105.6 million in May 2016.
Additionally, the company signed a contract to pay about €14.3 million to buy the remainder of a site in Delgany, County Wicklow, in Ireland in May 2018.
Cairn Homes did not declare any dividends during the period.
