Oxley to sell Dublin Landings residential units for $271.01m

The property comprises of 268 residential units with external common areas and 210 parking spaces.

Oxley Holdings’ wholly owned subsidiary Oxley Docklands Quay Three and National Asset North Quays DAC entered into an agreement to sell 268 residential units in Ireland to real estate firm Greystar Europe Holdings for $271.01m (EUR175.5m), an announcement revealed.

The units are part of Blocks B and E of mixed-use development Dublin Landings located along Dublin’s North Wall Quay. The sale will also include the property’s external common areas and 210 car parking spaces.

Greystar Europe Holdings was granted an exclusivity period until 4 March to conduct comprehensive due diligence on the property, Oxley revealed. The unconditional contract of sale is targeted for 27 February.

In March 2018, Oxley announced it had sold Block D1 of Dublin Landings for $266.21m to Sol Estate Propco IE Dublin Landings SARL, of which Oxley Dockland will be entitled to 77.53% of the price.

Oxley also announced its plans earlier in January to sell its Mercure and Novotel Hotels along Stevens Road for $950m to an unnamed party. The Mercure and Novotel Hotels which house 254 and 518 rooms respectively, were acquired by Oxley in March 2013 and occupy a land area of 18,477 sqm.