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Oxley Docklands Quay Three, a wholly-owned subsidiary of Oxley Holdings, and its partner National Asset North Quays have signed a sale agreement for the sale of 268 homes in Ireland to Greystar Europe Holdings for a purchase price of 175.5 millions of euros.
The 268 residential units of two blocks of buildings – Blocks B and E – are located at Dublin Landings, North Wall Quay, Dublin, Ireland. The property is a mixed-use development located along Dublin's North Wall Quay. The agreement also includes 210 parking spaces and external common areas.
Until March 4, Greystar has benefited from exclusivity to carry out a thorough due diligence of the property and accept the documents necessary for the transaction. The sale should be finalized on February 27th.
Oxley announced that it would make other announcements during the exchange of the sales contract.
Oxley sells his properties in Dublin
On January 22, the real estate developer reached an agreement with the Irish central bank for the sale of two blocks of real estate in Dublin for an amount of 204 million euros. The properties in question were Dublin Landings No. 4 and No. 5, North Wall Quay, for € 97 million and € 107 million, respectively.
Last November, the group sold a 300-year lease on No. 2 Dublin Landings for an amount of 106.5 million euros. The proceeds from the sale would contribute positively to the group's cash flow, Oxley said.
Oxley shares rose Monday to 3.45%, or 0.01 Australian dollar, to reach 0.30 Australian dollar.
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