Glenveagh is a bellwether of the Irish housing system.  It was set up by the late Justin Bickle and Stephen Garvey in 2017. The idea was that it would import two successful bits of the UK homebuilding industry: forward-funding, in which institutional investors commit to fund the construction of big apartment developments in advance; and stock market funding, in which stock market investors provide the equity capital. It’s fair to say neither idea worked out quite as anticipated. Glenveagh has gradually moved away from big forward-funded apartment block deals. Now Glenveagh is focused on suburban homes. And Glenveagh’s original stock…

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