Newly listed Glenveagh Properties has completed the acquisition of 11 development sites around the country.

The company estimates that subject to the granting of planning permissions, the 11 sites in counties Dublin, Wicklow, Cork, Limerick and Kildare have the potential to support up to 1,319 housing units.

Glenveagh Properties raised €500m through its initial public offering on the Dublin Stock Exchange last month. 

The company's IPO was the second biggest flotation on the ISE this year.

The company is focused on developing starter, mid-size and high-end homes - both houses and apartments - in the greater Dublin area.

Glenveagh said that so far it has invested about €83m in cash in buying sites, including the latest 11. 

Justin Bickle, the co-founder and CEO of Glenveagh, said the company had been very busy since its listing last month on the London and Irish Stock Exchanges.

He said the company had been "developing arious plans, progressing discussions towards the acquisition of various sites and informing the local market about our ambitions to deliver houses and apartments for third parties through Glenveagh Living". 

"Alongside this, we have been busy building out the company's corporate infrastructure, hiring new staff, integrating Bridgedale’s operations and re-branding them as Glenveagh Homes," he added.