Dairygold received planning permission for the site in 2022 to develop residential and commercial units.
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Dairygold has confirmed that it has completed the sale of its Creamfields development property to Cairn Homes plc for €25.6m.
The Creamfields site is the former Cork Milk Producers (CMP) Dairies site, located on the Kinsale road in Cork City.
Dairygold received full planning permission in 2022 to develop 606 residential units and other commercial units. It partnered with Cairn Homes plc to deliver the residential element of the development.
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Both parties engaged with Respond, the not-for-profit approved housing body, to ensure the development provided a mixed offering of cost rental, affordable and social accommodation.
Strategy
Dairygold chief executive Michael Harte said: “Dairygold’s strategy for its non-core property assets is to maximise their value and to divest of them at the appropriate time, led by Dairygold’s head of property Niall Sheehan, to facilitate further investment in Dairygold’s business.”
Dairygold chair Pat Clancy commented: “Dairygold was keen to ensure that the project would be appropriately delivered and we are confident that with the involvement of Cairn Homes plc, Respond AHB and Cork City Council, this will be achieved, and Cairn Homes plc will be commencing the development in Q4 2025.”
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Dairygold has confirmed that it has completed the sale of its Creamfields development property to Cairn Homes plc for €25.6m.
The Creamfields site is the former Cork Milk Producers (CMP) Dairies site, located on the Kinsale road in Cork City.
Dairygold received full planning permission in 2022 to develop 606 residential units and other commercial units. It partnered with Cairn Homes plc to deliver the residential element of the development.
Both parties engaged with Respond, the not-for-profit approved housing body, to ensure the development provided a mixed offering of cost rental, affordable and social accommodation.
Strategy
Dairygold chief executive Michael Harte said: “Dairygold’s strategy for its non-core property assets is to maximise their value and to divest of them at the appropriate time, led by Dairygold’s head of property Niall Sheehan, to facilitate further investment in Dairygold’s business.”
Dairygold chair Pat Clancy commented: “Dairygold was keen to ensure that the project would be appropriately delivered and we are confident that with the involvement of Cairn Homes plc, Respond AHB and Cork City Council, this will be achieved, and Cairn Homes plc will be commencing the development in Q4 2025.”
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