Cairn Homes

What Cairn Homes does

Cairn Homes plc is Ireland's largest residential homebuilder and the country's largest self-build apartment developer, founded in 2015 by CEO Michael Stanley and listed on Euronext Dublin and the London Stock Exchange (ticker CNHHY). The company delivers houses and apartments across Dublin, Cork, Galway, Wicklow, Meath, and Kildare, serving private buyers (first-time buyers, families, and downsizers), government bodies (Housing Agency, Dublin City Council) under schemes including Crói Cónaithe and the First Home Scheme, and commercial tenants within mixed-use developments. Its flagship project, Seven Mills in Dublin 22, is a master-planned new town designed for over 5,500 homes and a population of roughly 15,000.

The operating platform is a vertically integrated Developer/Contractor model with full in-house control spanning land acquisition, planning, design, technical, construction, and aftercare. Supporting assets include the Cairn Design Library shared with supply chain partners, Passive House energy efficiency standards across the portfolio, Biodiversity Net Gain commitments (approximately 110,000 trees planted), and SBTi-validated 46.2% Scope 1 and 2 emissions reduction targets by 2030. A Health & Safety team of nearly 20 specialists supports the 22+ active construction sites employing over 3,000 people.

Cairn generates revenue primarily through one-time unit sales of new homes and apartments, with pricing varying by development, unit type, and government scheme eligibility (Housing Agency apartments priced €225,000-€350,000; Dublin City Council units at approximately €560,000). The go-to-market combines direct sales through the cairnhomes.com website and on-site offices, third-party selling agents (Gavigan, Coonan New Homes), and listings on property portals (Daft.ie, MyHome.ie). FY2025 revenue of €944.6 million grew 10% year-over-year with a 17.85% operating margin, supported by a record €1.32 billion forward order book covering 3,452 units; management has guided FY2026 revenue to €1.05-1.08 billion and a 2027 target of 3,200 annual unit deliveries.

Name

Cairn Homes

Legal name

Cairn Homes plc

Website

https://cairnhomes.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

101–250 employees

Short description

Cairn Homes plc is Ireland's largest homebuilder, developing new houses and apartments for private buyers and government housing schemes across Dublin, Cork, Galway, and other Irish markets. The vertically integrated Developer/Contractor platform controls all stages from land acquisition through construction and aftercare.

Ownership category

akta.pro rank

Product category

Residential Property Development

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Land Subdivision (23721), Residential Building Construction (23611)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), New Construction & Builder Sales (BPAJAAAB)

Keywords

• Residential property development
• New home construction
• Apartment development
• Social affordable housing
• Mixed-use development

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Residential Property Sales: Cairn generates the majority of its revenue from the sale of new homes and apartments to private buyers. This includes houses (2, 3, and 4 bedroom) and apartments across developments in Dublin, Cork, Galway, and other locations across Ireland. FY 2025 revenue was €944.6 million.
2. Social and Affordable Housing Contracts: Cairn delivers apartments and homes to government bodies including the Housing Agency and Dublin City Council under social housing initiatives. In 2025, Cairn delivered 332 apartments to the Housing Agency in Seven Mills, Clonburris, priced between €225,000 and €350,000 per unit. Also offered 51 apartments to Dublin City Council for €28.58 million.
3. Commercial and Retail Property: Cairn develops and sells or lets commercial and retail space including crèches, gyms, and retail units as part of mixed-use developments. The company has approximately 1,000,000 sq. ft. of potential commercial land nationwide.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Cairn Homes is Ireland's largest residential developer and self-build apartment developer. It designs, builds, and sells new houses and apartments to private buyers, government housing bodies, and institutional customers, and develops integrated commercial and retail space within its mixed-use communities.

Product overview

Cairn Homes is Ireland's largest residential developer and self-build apartment developer, offering a vertically integrated platform for designing, constructing, and delivering new homes and communities at scale. The core offering comprises New Homes (houses and apartments across Ireland), Building in Partnership (large-scale mixed-tenure schemes with government, local authority, and institutional partners), and Commercial & Retail (integrated commercial and childcare space within residential communities). The flagship project is Seven Mills — a new town in Dublin 22 planned for over 5,500 homes. Supporting the core product are the Operating Platform (an end-to-end in-house model from acquisition through aftercare), Customer Care Portal (post-sale homeowner support), Knowledge Hub (consumer guides and educational content), and sustainability initiatives under the 'Our Impact' programme (Passive House, decarbonisation, biodiversity, community programmes). The company also operates Cairn Community Games as a community engagement initiative, and Graduate & Intern Programmes as a talent pipeline. The portfolio spans Dublin, Cork, Galway, Wicklow, Meath, and Kildare, with 22 active construction sites supporting over 3,000 people in employment.

Differentiator

Problem solved

Functional benefit

Brands

• Seven Mills: A new town development being built beside the Grand Canal between Clondalkin and Lucan in Dublin 22; designed to accommodate over 5,500 homes with a population of approximately 15,000.

Products and services

• New Homes Cairn's primary residential housing product, comprising new houses (2, 3, and 4 bedroom) and apartments across Ireland in locations including Dublin, Cork, Galway, Wicklow, Meath, and Kildare. The portfolio ranges from starter homes to luxury apartments for private buyers, families, first-time buyers, and downsizers.
• Building in Partnership Delivery of large-scale apartment and housing schemes in partnership with government bodies, local authorities, housing agencies, and institutional customers, including social housing, state-backed schemes, and mixed-tenure developments.
• Commercial & Retail Development and delivery of commercial and retail space integrated within residential communities, including creches, office space, gyms, and retail units. Cairn has approximately 1,000,000 sq. ft. of potential commercial land nationwide, offered for sale or letting to businesses and operators.
• Seven Mills A major new town development beside the Grand Canal between Clondalkin and Lucan in Dublin 22. Once complete, Seven Mills will comprise over 5,500 homes and a population of approximately 15,000, featuring 12 parks, 2.4km of canal frontage, 12.5km of cycleways and walkways, and 225 acres of green space.
• Customer Care Portal An online portal providing homeowners with access to operating manuals, warranties, maintenance information, FAQs, and an online customer support service for queries during the first year of moving into a new home.

Quantifiable outcome

• 2,365 new homes delivered in FY 2025 (up 6%), with a target of 3,200 homes in 2027 (35% increase)
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Housing Agency (Ireland)coreOthers · 3 November 2025Cairn Homes entered into a contract with Ireland's Housing Agency to deliver 332 apartments in Seven Mills, Clonburris, as part of the Croí Cónaithe government scheme to improve housing affordability with a €450 million fund targeting 5,000 apartments through 2027.
• Dublin City CouncilcoreOthers · 31 October 2025Cairn Homes offered 51 apartments at its RTÉ Montrose site in Donnybrook, Dublin to Dublin City Council for €28.58 million as part of a social housing initiative, in a revised scheme reducing total units from 608 to 510.
• Passive House Association of IrelandcoreStrategic or Co-development PartnerCairn is a member of the Passive House Association of Ireland and a signatory of the Low Carbon Pledge, aligning its decarbonisation strategy with industry best practices and regulatory standards.
• Supply Chain Sustainability SchoolsupportingStrategic or Co-development PartnerCairn is a member of the Supply Chain Sustainability School, working with its supply chain partners on sustainability objectives including carbon management, responsible sourcing, biodiversity, and health and safety. Fergus McMahon, Director of Commercial & Procurement, is a board member.
• Science Based Targets initiative (SBTi)coreStrategic or Co-development PartnerCairn has validated science-based targets for reducing Scope 1, 2, and 3 GHG emissions by 2030 from a 2019 baseline, validated by the SBTi as consistent with a 1.5°C warming trajectory.
• Children's Books IrelandsupportingStrategic or Co-development PartnerCairn has partnered with Children's Books Ireland to curate a library of books encouraging creativity and environmental stewardship, donating books to schools and libraries through the 'Building Communities' reading initiative.
• The Lighthouse Construction Industry CharitysupportingStrategic or Co-development PartnerCairn has partnered with The Lighthouse Club to provide emotional, physical, and financial wellbeing support to construction workers and their families, accessible confidentially 24 hours a day for all Cairn team members and subcontractors.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Glenveagh Properties plc: Ireland's second-largest listed homebuilder, focused on Dublin commuter belt and major urban centers with both private and partnership housing schemes. Closest direct comparable to Cairn in geography, scale, and business model.
• Persimmon plc: One of the UK's largest volume homebuilders with national geographic coverage and a focus on first-time buyers and family housing. Comparable to Cairn in production builder economics, scale efficiencies, and government-backed housing demand (Help to Buy equivalent).
• Taylor Wimpey plc: UK national homebuilder with broad geographic footprint across regions including strong urban/commuter belt exposure. Comparable to Cairn in volume production economics, government-supported buyer schemes, and public-market disclosure.
• Bellway plc: UK volume homebuilder with diversified regional operations and strong order book discipline. Comparable to Cairn on production builder model, order book visibility, and focus on first-time/family housing segments.
• Berkeley Group plc: UK London-focused homebuilder with substantial apartment and mixed-tenure developments including partnership schemes with public sector bodies. Comparable to Cairn on large-scale urban regeneration, apartment development expertise, and institutional/affordable housing partnerships.
• Barratt Developments plc: UK's largest volume homebuilder with national operations and a strong partnership housing division (Vistry-style). Comparable to Cairn on scale economics, government scheme participation, and integrated developer model.
• Vistry Group plc: UK homebuilder with a particularly large Partnerships division delivering mixed-tenure and affordable housing for housing associations and local authorities. Comparable to Cairn's Building in Partnership arm and government scheme revenue stream.
• Redrow plc: UK premium-volume homebuilder focused on family housing in regional UK markets. Comparable to Cairn on production builder operating model, forward order book economics, and growth trajectory.
• Crest Nicholson Holdings plc: UK homebuilder with a focus on southern England and mixed-tenure developments including affordable housing partnerships. Comparable to Cairn on geographic concentration, mixed-tenure model, and government-backed housing exposure.

Emerging players

• Watkin Jones plc: UK developer focused on purpose-built student accommodation, build-to-rent, and residential for sale. Comparable to Cairn on apartment development expertise and institutional customer base, though smaller and more specialized.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cairnhomesplc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cairn Homes