Glenveagh Properties

Herbert Hill sold for more than €55m

  • Sectors : Construction and Housebuilding
  • Companies : Glenveagh Properties

Ratings and price correct at time of issue.

  • Glenveagh Properties

    Closing Price: 80.0c

  • RATING 10/11/17

  • PREVIOUS RATING N/A

DAVY VIEW

Glenveagh Properties has sold its Herbert Hill site for what looks like a strong price relative to our estimates. The timing of the completion of the site (H2 2019) is in line with our forecasts. The deal is further evidence of the robust demand for private rented sector (PRS) units in Dublin.

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Dec 2 2019, 08:20 GMT

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