Glenveagh seeks €205m to fund Irish land acquisitions

Housebuilding

Irish housebuilding firm Glenveagh Properties is seeking to raise €205m (£182m) in equity to fund further site acquisitions.

The company, which raised more than €550m from its IPO last October, has spent €400m since floating, said the new money would be used to buy new land and develop new and existing sites in Dublin, Cork, Limerick, and Galway. The company is planning to build 1,000 apartments on a 50-acre site in Cork’s docklands.

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