Company puts price tag of €22m on 56 social homes
Already Cairn has secured planning permission for 569 dwellings in one Clonburris application and obtained planning for an additional 157 dwellings last month in a separate plan.
Documentation lodged with the new scheme put a value of €242.7 million on the overall scheme with the average house price of €429,637. After planning permission is granted for the SDZ scheme, the two sides will enter negotiations on a final price for the homes. Cairn is seeking a seven-year planning permission and the EIS said that the project could “be constructed over in a number of phases for commercial reasons. The exact number of phases and the make-up of each will be subject to market conditions and commercial considerations at the time”.
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