Homebuilders Glenveagh sees 'strong demand' helped by improved planning process

Currently active on 21 building sites nationwide, Glenveagh said it had already opened four new locations ahead of its AGM

Stephen Garvey - CEO of Glenveagh Properties

Homebuilders Glenveagh says the company has already booked 1,150 suburban units for sale, putting the builders on track to exceed last year's booking as it benefits from "very strong underlying demand."

Reiterating its profit guidance ahead of its annual general meeting on Thursday, the company said that an improved planning environment had allowed for significant progress.