Glenveagh plan for 20,000 new homes

Glenveagh plan for 20,000 new homes
Former Nama boss John Mulcahy

Glenveagh, the publicly quoted homebuilder, has told investors that it is closing in on over €1.2 billion worth of sites that will allow it to build almost 20,000 homes.

The figures are contained in an updated prospectus delivered to investors as part of a €213 million cash call the company completed last week.

According to the prospectus, the company has a future pipeline of at least 14 sites, the majority in the greater Dublin area. The majority of...

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