Building Better

Annual Report and Accounts 2022

Creating value for our customers, our shareholders, employees and communities.

At Glenveagh, we take pride in our commitment to providing high quality, affordable and sustainable homes. We believe that our vision, mission and culture are the foundation of our success.

Company highlights

Financial highlights



€70.1mAdjusted operating profit** before exceptional items and impairment reversals / charges

Adjusted operating profit

7.6 centEPS


Non-financial highlights

15,100No. of sites in landbank

No. of sites in land bank

1,358No. of units sold

No. of units sold

803Units contracted/reserved** as at the Annual Report approval date

Units contracted/reserved

Operational and sustainability

Customer satisfaction

H&S audits

78%Employment engagement
Low RiskSustainalytics

Vision, Mission and Culture

At Glenveagh, we believe that our vision, mission, and culture are the foundations of our success.

Our vision is that everyone should have the opportunity to access great-value, high-quality homes in flourishing communities across Ireland.

Our mission is to innovate how new homes are planned, designed, built and marketed in Ireland, and to make the journey for customers transparent, easy and joyful.

Our culture is one of fresh thinking, team work and trust.

These are all underpinned by our values: Safety first, Collaborative, Innovative, Customer-centred and Can-do.


Before everything else, safety comes first.

The health and wellbeing of everyone who we engage and work with is the most important thing to us. This is why we are committed to maintaining the health and safety of all those who work with us and who are impacted by what we do. We do this by integrating health and safety into all our decision-making.


We believe in the power of teamwork to create new possibilities.

Building homes at scale requires the close collaboration of many different people with specialist skills and distinct perspectives. We respect and trust each other while acting responsibly and with integrity, believing that how we get things done is just as important as our achievements.


Each day we work to bring new ideas home.

We constantly seek to innovate to satisfy customer needs, drive sustainability and deliver value for money. We find new ways of solving current and future challenges to create flourishing communities across Ireland.


Customers are at the heart of every decision we make.

We build for the people who call our developments ‘home’. To do this well, we take the time to understand them, their lives and their ever changing needs. By putting our customers at the centre of everything we do, we create homes and communities that have lasting value.


With the right attitude we can achieve anything.

We positively impact each other, our partners and our customers through our dedication, grit, and can-do attitude. We are continuously learning and growing our skills to ensure we realise our vision.


Chair's Letter

It has been a busy year for the business, one of strong growth and important strategic progress, supported by hard work and dedication of the whole team.

John Mulcahy

Chair's Letter

It has been a busy year for the business, one of strong growth and important strategic progress, supported by hard work and dedication of the whole team.

John Mulcahy

Our Investment Case

A unique proposition with exciting growth potential

Supported by innovation and supply-chain integration, Glenveagh is committed to opening access to sustainable, high-quality homes to as many people as possible in flourishing communities across Ireland.

Download Reports

Download key sections of the Annual Report here.

Strategic Report

Financial Statements