Cairn Homes has taken up a listing on the main Irish stock exchange, the ISEQ.

The Irish housebuilder is already listed on the London Stock Exchange, but was keen to extend its investor base across the euro zone and will have a dual listing.

Cairn joins the Main Securities Market in Dublin with a market capitalisation of €1.18 billion, making it one of the top 15 companies listed on the ISE.

The company has a land bank of 12,600 units, over 91% of which is located in the Greater Dublin Area (GDA).

It is currently active on eight sites in the GDA which will deliver 3,250 units.

Cairn shares are trading 0.31% lower today at €1.61.

Cairn Chief Executive Michael Stanley said it has "always been our intention to list on the Irish Stock Exchange.

"This listing on an EU exchange will provide us with an increased exposure to a wider investor base, including Irish retail and European focused investors.

"The Irish Stock Exchange has been very supportive of our application and investor feedback has been very positive since we announced our intention to seek a dual listing earlier this year."