Glenveagh Properties Plc (LON:GLV)

Consumer

Founded in 2017, Glenveagh Properties Plc is an Ireland-based homebuilder with an aim to make high-quality homes accessible to everyone in flourishing communities across Ireland, by innovate planning, designing and building high-quality homes. The company’s medium-term output targets were increased for 2022, 2023 and 2024 to 2,350, 3,050 and 3,000 units, respectively. It focuses on developments in the Cork, Galway, Limerick and Greater Dublin Area.  The company operates through 16 selling sites and has completed 700 units. The company’s shares are listed on the London Stock Exchange and Euronext Dublin.

The company focused on strategically located developments in the Cork and the Greater Dublin Area. The company operates through three main business segments that include Suburban, Urban and Partnerships as a single business. The Suburban segment offers houses and low-rise apartments with demand coming from private buyers and institutions. It sees private and institutional demand for our products through traditional and forward sale structures in Ireland. The Urban segment offers apartments to institutions in Dublin and Cork city as well as sites adjacent to significant rail transportation hubs. The partnerships segment offers houses and apartments.

It typically involves the local authority, government or state agency contributing their land on a reduced cost or phased basis into a development agreement with the company. The segment has reduced risk from a sales perspective where around 50% of the product is delivered back to the government or local authority for social and affordable homes. Currently, eight of its developments are in partnership with states, governments, and local authorities.

Contact Information

company address 25-28 North Wall Quay, Dublin, 1, Ireland

company websitehttps://www.glenveagh.ie/

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