Glenveagh | Business Post

Glenveagh boss predicts drop in new-builds by end of year

Stephen Garvey says numbers have dropped since spring peak of 35,000 commencements, while profits at the group have soared by over 200 per cent

Glenveagh chief ‘did not discuss’ Siteserv inquiry findings with Dix

Stephen Garvey says he is monitoring developments following Commission of Investigation’s probe into controversial sale of homebuilder

Glenveagh sees average price of suburban home rise as profits soar

Revenue generated by Glenveagh increased by 57 per cent to €200 million, while the group’s profit before tax was up 202 per cent to €13.0 million

Smaller back gardens could reduce new house prices by 20%

New guidelines on high-density home building could mean that average prices fall to €310,000 if the size of gardens in newly built houses is cut by a third

Investment funds can buy unsold Croí Cónaithe apartments after one year

No provision has been made in controversial scheme to make developers sell unsold apartments to state or reduce prices

Funds sell over €30m worth of Glenveagh shares as other shareholders up stakes

Singapore’s sovereign wealth fund has boosted its stake in the listed Irish homebuilder, while a London hedge fund has reduced its holding

Housing targets at risk as developers cite lack of zoned and serviced land

The low level of homes in the pipeline has raised concerns over the state’s target to promote the construction of between 300,000 and 400,000 homes over the next decade to address the acute shortage of accommodation.

Glenveagh boss: price caps on First Home scheme may need to rise

Glenveagh revenues double with profit of €46m in 2021

Revenue across the group surged from €232.3 million in 2020 to €476.8 million last year

Developers tell council that three-bed flats are not viable in south Dublin

Savills report said a family would have to earn over €150,000 to rent an affordable apartment in Dún Laoghaire-Rathdown

Company Watch: Planning issues are biggest threat to house building, says Glenveagh boss

Chief executive Stephen Garvey argues the Covid-19 pandemic may have rendered the National Planning Framework out of date

Eagle Street Partners signs €78.5m development contract for Castleforbes site

The newly founded pan-European real estate investment firm exchanged contracts with Glenveagh Properties for the sale of a 4.6 acre residential and hotel site in Dublin

Glenveagh swings back to profit and warns of house price inflation

The publicly listed housing company said the rate of inflation in construction had increased in the first half of the year, which was likely to translate into higher house prices from next year

Glenveagh boss: mortgage rules make it ‘simply impossible’ to buy apartments

Stephen Garvey says that the Greystones development was slow to sell due to the Central Bank’s limits, as potential buyers couldn’t get loans

Five key takeaways from Glenveagh’s trading update

The company, which develops starter homes and build-to-rent units, saw revenues fall during the pandemic but still has big plans for 2021