Irish homebuilder Glenveagh Properties has reaffirmed its full-year guidance as it reported strong demand and solid progress across its housing and partnerships divisions, according to a trading update released ahead of its Annual General Meeting in Dublin.
The company said that sales activity remains robust across all selling sites, with 1,100 housing units already sold, signed, or reserved for delivery in 2025. Glenveagh also confirmed that construction is advancing steadily at all six active sites in its Partnerships division.
Glenveagh’s combined closed and forward order book now stands at €1.23 billion, up from €1.09 billion in March. The company highlighted this increase as providing “excellent visibility” for the remainder of the year.
Planning approvals have also gained momentum, with permissions secured for more than 1,355 residential units so far in 2025. Over 90% of the company’s planned unit deliveries for 2026 have now received full planning consent.
The company reiterated that the first half of 2025 is expected to outperform the same period last year in terms of unit completions, revenue, and profitability. For the full year, Glenveagh remains on track to deliver approximately 1,500 homes and achieve €400 million in revenue from its Partnerships division. It also expects to complete over €100 million in non-core land sales over 2025 and 2026. Total home deliveries for 2025 are projected to reach 2,600.
Chief Executive Stephen Garvey expressed satisfaction with the company’s performance, saying the strong start to the year reflects the success of Glenveagh’s strategy and operational execution. He noted that despite broader global economic uncertainties, Ireland’s housing market fundamentals remain strong, supported by resilient demand, a stable economy, and favourable government policy.
Garvey also stressed the importance of planning and infrastructure to sustain housing delivery. “We welcome the publication of the revised National Planning Framework. It is critical that local authorities quickly identify residential land needs, and that there is urgent investment in large-scale infrastructure projects,” he said.
He called for continued public funding for ongoing and shovel-ready projects, which he said is essential to attract private capital and boost national housing supply.
“As a trusted public sector partner, Glenveagh is ready to contribute through the delivery of high-quality, sustainable homes on public land. Our expanding Partnerships segment and strong homebuilding pipeline place us in a strong position to help meet Ireland’s housing needs,” Garvey concluded.
