Glenveagh Properties to build over 2,700 homes this year

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Glenveagh Properties to build over 2,700 homes this year
BusinessHousesGlenveagh Properties
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Homebuilder Glenveagh Properties said its forward order book now stand at €963m, up from €805m at the end of February.

In a trading statement issued ahead of the company's AGM in Dublin today, Glenveagh said it was well positioned to deliver over 2,700 new homes across its three business segments in 2024.Glenveagh said that in its Suburban business - which consists of mainly houses - 1,440 suburban units are now either sold, signed or reserved for the year, up from 1,106 at the end of February.

Glenveagh's chief executive Stephen Garvey said the homebuilder had a strong start to 2024, with the business benefiting from favourable market conditions and greater scale. Stephen Garvey said it is now clear that the Government's"targeted and effective initiatives" are having the desired effect on industry performance and output.

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