Glenveagh Properties chief executive and co-founder Stephen Garvey has been chosen as The Irish Times Business Person of the Month for March, an award run in association with Bank of Ireland.
The listed Irish house builder returned to the black last month, posting a pre-tax profit of €45.7 million for 2021, which marked a major turnaround on the previous year when it recorded a loss of €15.7 million. Glenveagh’s revenues more than doubled in 2021 to €476.8 million. The company built 1,150 new homes in the 12-month period, a 47 per cent increase on 2020, despite a Government-imposed 13-week lockdown on construction due to Covid-19 restrictions.The property company bought 12 new sites last year with space for more than 2,700 homes for a total of €72 million.
IrishTimes Chagrin