Monday 9 December 2019

Glenveagh Properties strengthens management team with new appointments

Glenveagh CEO Justin Bickle
Glenveagh CEO Justin Bickle
Ellie Donnelly

Ellie Donnelly

Housebuilder Glenveagh Properties has announced four key hires to strengthen its senior management team.

Wesley Rothwell will join the company at the end of January as chief commercial officer.

Mr Rothwell has previously served in various roles at CBRE over a 17 year career with the company.

Most recently he led CBRE's commercial & residential land and residential capital markets team in Dublin as an executive director.

Upon joining Glenveagh, Mr Rothwell will head up the company’s land and portfolio management team, with the aim to acquire new land sites for the company and also to actively asset manage Glenveagh's multi-year land bank.

Diarmuid Leahy, who joined the Dublin and London listed Glenveagh at the start of 2018, takes on the role of chief people officer in the company.

While next month Chris McGarry will join the company as its head of planning.

Most recently Mr McGarry was head of planning at the NAMA, which he joined in 2011.

A chartered town planner and member of the Irish Planning Institute, Mr McGarry has over 27 years' experience.

In addition to the appointments above, Conor Murtagh joins the company as a director of strategy and investor relations.

Mr Murtagh will move to Glenveagh in mid February from Investec, where he is an associate director of corporate finance.

An ACCA qualified accountant with 10 years' corporate finance experience at Investec and NCB Group, Mr Murtagh has advised corporates, PLCs and private equity clients on mergers and acquisitions, disposals, fundraisings and financings.

At Glenveagh, Mr Murtagh will work closely with the company's chief executive officer, chief financial officer, and head of investor relations to assist in investor communications and executing corporate strategy.

"In parallel with our objectives to deploy our equity raised at IPO to acquire a quality land bank and to meet our published construction targets, another key priority for Glenveagh since IPO has been to build out our business as a PLC," Justin Bickle, Glenveagh Co-Founder and CEO, said.

"We are therefore delighted to announce four key appointments, to supplement and strengthen the talented executive team already assembled, and to de-risk our business objectives."

Glenveagh's October listing raised €550m to fund land deals and housebuilding.

The business was created from a combination of US distressed debt investor Oaktree's development sites - scooped up during the economic crash - and the operations of Maynooth-based builder Bridgedale.

In December Glenveagh announced that it had secured four development sites that will potentially deliver more than 870 residential units.

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