In a trading update for the six months to the end of June, Glenveagh said that over 800 units of its 2,700 full year target have been completed, up from 333 the same time last year.
It added that its urban performance reflected the completion of 510 units from existing forward fund transactions, where approximately 90% of revenue has already been recognised in prior periods. The homebuilder sait it was seeing strong planning momentum with permissions granted for approximately 1,300 units in the first six months of the year, with over 95% of units targeted for 2025 now with planning permissions granted.
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