Homebuilder Glenveagh on track to complete 2,700 new homes this year

CEO said Ireland needs to deliver 50,000 homes each year

Glenveagh confirmed it is in advanced negotiations with LDA to commence the activation of its urban portfolio on the former Live at the Marquee site in the Cork Docklands.  Pic Larry Cummins

Homebuilder Glenveagh said it is on track to more than double its earnings per share this year as it targets the completion of 2,700 new homes this year.

In a trading update for the six months to the end of June, CEO Stephen Garvey said more than 800 units of this target were already completed. Glenveagh has a closed and forward order book of €1.2bn across its three business segments, increasing by 22% from €963m as at our AGM Trading Update on 2 May 2024.