Glenveagh Properties

Path to 2024 clearer than ever

  • Sectors : Construction and Housebuilding
  • Companies : Glenveagh Properties

Ratings and price correct at time of issue.

  • Glenveagh Properties

    Closing Price: 103c

  • RATING 10/11/17

  • PREVIOUS RATING N/A

DAVY VIEW

After a difficult 12 months for residential construction in Ireland due to planning issues, there are clear signs that Glenveagh is seeing a much-improved planning environment in 2023. Since the start of the year, the company has received green lights mainly from An Bord Pleanala on almost 2,000 units (c.13% of the land bank), and we believe that 2024 is now materially, and almost entirely, de-risked from a planning perspective.

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May 19 2023, 07:00 IST/BST

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