Oxley Holdings in talks to sell part of Dublin Landings to Greystar

Euro coinsPhoto by Leslie Shaffer

Oxley Docklands Quay Three and National Asset North Quays DAC entered a letter of agreement with Greystar Europe Holdings to sell the long leasehold interest in part of Blocks B and E, Dublin Landings, in Ireland, Oxley Holdings said in a filing to SGX before the market open on Monday.

Oxley Docklands Quay Three is a wholly owned subsidiary of Oxley Holdings.

The purchase price is expected to be 175.5 million euros (S$270.97 million), including value-added tax, Oxley said.

Under the letter of agreement, Greystar has until 4 March to exclusively conduct due diligence on the property and being negotiating, it said.

The property, at North Wall Quay, Dublin 1, includes 268 residential units in the blocks known as E1, E2, E3, B1, B2, B3 and B5, along with common areas and 210 car-park spaces, the filing said.

The contract of sale is expected to be exchanged on 27 February, it said.

Earlier this month, Oxley Docklands Quay Two entered a deal to sell No.4 and No.5 Dublin Landings, 72-80 North Wall Quay, Dublin 1, Ireland, to the Central Bank of Ireland for 97 million euros and 107 million euros, respectively.

Oxley Docklands is entitled to 79.5 percent of the sale consideration from that transaction, while National Asset North Quays DAC is entitled to the balance, it said earlier this month.

In addition, in November, Oxley Docklands Quay One, and National Asset North Quays DAC entered a deal to sell a 300-year lease of the property at No.2 Dublin Landings, 72-80 North Wall Quay, Dublin 1 to Landings 2 Propco S.A. R.L. for 106.50 million euros, excluding value-added tax.

Oxley Docklands will be entitled to 76.84 percent of the sale price for that property, it said in November.

 

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