By shifting away from private apartment construction in favour of state partnerships, the housing developer reported enviable profits for 2024.
The developer is seeking damages for costs due to delays caused by multiple planning objections from two Co Meath individuals against 16 housing projects, some as far as 200 kilometres from where they live.
The local authority in Fingal was pursuing the major developer over a site in Tyrrelstown, Dublin 15 earmarked for 548 homes.
The developer has made extraordinary allegations against two serial objectors to 16 housing projects.
The original Glenveagh model was about building city apartment blocks for institutional investors, along with suburban houses. The new one relies more on houses, and partnering with the State.
Glenveagh started out, in part, as a bet on forward-funded apartment buildings. Over time, it has adapted to the changing Irish market, as its latest results show.
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