Glenveagh Properties will build 2,650 more homes than it had originally expected between 2022 and 2024, the company said in a trading update on Wednesday. The Dublin-listed housebuilder increased its target by 46 per cent from 5,750 homes to 8,400 in advance of a capital markets day in London being held for its investors. Glenveagh said it expects the market environment to “remain favourable with significant private and institutional demand for housing”. Instead of completing 1,750 homes in 2022, Glenveagh now plans to complete 2,350. In 2023, the target has shifted from 2,000 to 3,050 while in 2024 the target has been increased from 2,000 to 3,000.

Source: The Irish Times January 29, 2020 07:07 UTC