Planning for 198 houses in Glenveagh’s €22m Cork deal

Glenveagh Properties has secured a €22m land deal in the Cork suburb of Douglas bringing its total spend on sites here in 2018 to about €50m. The publicly listed company’s latest acquisition is another challenge to the dominance of Cork’s home building market by ‘local’ developers.

Just over 42 acres of land at Maryborough Ridge, above Douglas and adjoining major existing schemes, have been secured by Glenveagh after seeing off offers from local and other bidders. A portion of around 19 acres is ‘ready to go’, with planning in place for 198 houses. A second 23-acre lot, also zoned, may take hundreds more.