Oxley leases No. 2 Dublin Landings for $166.32m

Oxley will be entitled to 76.84% of the price, which covers a 300-year lease.

Oxley Holdings’ subsidiary Oxley Docklands, as well as National Asset North Quays DAC, agreed to lease No. 2 Dublin Landings at 72-80 North Wall Quay, Dublin 1, Ireland for $166.32m (EUR106.5m).

According to an announcement, Oxley Docklands will be entitled to 76.84% of the price. The price also covers a lease that will last 300 years.

The sale has been completed and the sale price has been paid upon the signing of the agreement. Oxley added that the proceeds from the sale will contribute positively to the cashflow of the group.

Dublin Landings is Oxley’s first development project in Ireland. It has 700,000 sqft of flexible Grade A office and retail space, and 273 luxury residential apartments.