Glenveagh Properties - Announces significant land investment with full year results

Davy Research
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The announcements from Glenveagh this morning show further progress made on land acquisition. More than €100m of land deals have been announced, and the landbank is now well over 7,000 units – up from 3,000 at the time of IPO. Volume guidance has been reiterated, and the company remains very well placed to take advantage of the buoyant Irish housing market.