Glenveagh plan for 20,000 new homes

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 ...