Dairygold Buys Cork Site for €25.6 Million
- The landmark Creamfields site in Cork City, formerly home to CMP Dairies, has been sold to Cairn Homes plc for €25.6 million, paving the way for a large-scale...
- The development,planned for a site with a rich local history,will deliver approximately 1,200 much-needed homes in cork City.
- Dairygold Chief Executive, Michael Harte, stated that the sale aligns with the company's strategy to maximize value from non-core property assets.
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Dairygold Sells Cork’s Creamfields Site to cairn homes for €25.6 Million
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The landmark Creamfields site in Cork City, formerly home to CMP Dairies, has been sold to Cairn Homes plc for €25.6 million, paving the way for a large-scale housing progress.
Project Overview
The development,planned for a site with a rich local history,will deliver approximately 1,200 much-needed homes in cork City. Planning permission was secured from An bord Pleanála in June 2022, and enabling works are already underway. Construction is slated to begin in the fourth quarter of 2025, with an estimated completion timeframe of up to three years.
The Sale and Parties Involved
Dairygold Chief Executive, Michael Harte, stated that the sale aligns with the company’s strategy to maximize value from non-core property assets. Dairygold has successfully divested several properties in recent years, including securing planning approval for the 1,200-home Creamfields project. The sale price to Cairn Homes plc is €25.6 million.
The development is a collaborative effort involving Cork City Council, Respond AHB (Approved Housing Body), and Cairn Homes Plc.Respond AHB will likely provide a portion of social and affordable housing within the development.
Creamfields: A Site with History
Dairygold Chairperson, Pat Clancy, highlighted the historical importance of the Creamfields site, formerly the location of CMP Dairies. CMP Dairies was a beloved dairy brand in Cork before its closure in the early 2000s. The name “Creamfields” is intended to honor this heritage and acknowledge the site’s contribution to the city’s commercial and social life, as well as the livelihoods of hundreds of dairy farming families.
Clancy expressed confidence that the involvement of Cairn Homes, Respond AHB, and Cork City Council will ensure the project is delivered appropriately, respecting its legacy while addressing modern housing needs.
Cairn Homes’ Role and Future Development
Cairn Homes Plc is set to begin the development in the fourth quarter of 2025. The company has a track record of large-scale residential developments across Ireland. Further details regarding the specific housing types, amenities, and phasing of the project are expected to be released by Cairn Homes in the coming months.