COMMERCIAL PROPERTY | Staff Reporter, Singapore

Oxley sold Block D1 of Dublin Landings for $266.21m

It will be entitled to 77.53% of the price.

Oxley Holding’s subsidiary Oxley Docklands and National Asset North Quays DAC sold the 300-year lease of No. 1 Dublin Landings in Ireland to Sol Estate Propco IE Dublin Landings SARL for $266.21m (€164.2m).

According to an announcement, Oxley Docklands will be entitled to 77.53% of the price. A deposit of €16.5m has already been paid.

“On completion, the net proceeds from the sale will contribute positively to the cashflow of the group,” Oxley said.

Meanwhile, the company is also seeking expressions of interest from potential purchasers of No. 2, Dublin Landings. Oxley noted that it has entered into an agreement with Dublin Landings Tenant Limited as tenant and WeWork Companies Inc. as guarantor, to lease the entire office building at No. 2, Dublin Landings, North Wall Quay, Dublin 1, Ireland for a term of 20 years.

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