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Oxley nears deal for 300-year building lease in €835M Dublin project

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Oxley nears deal for 300-year building lease in €835M Dublin project

Oxley Holdings Ltd. is close to sealing a deal for the disposal of a 300-year lease on a building at its Dublin Landings development, a mixed-use project in Ireland that has a total gross development value of roughly €835 million.

The Dublin Landings project at 72-80 North Wall Quay in the Irish capital will offer office and retail space and luxury residential apartments across the D1, D2, A, B and E blocks.

The nine-story D1, with total grade A net internal office area of 14,326 square meters, and the D2 buildings are scheduled to be delivered by May 2018, while construction on the remaining blocks is expected to be finished between the final quarter of 2019 and the second quarter of 2020, Oxley noted in a release.

The Singapore-based company also signed an agreement in late February to lease the entire Block D2 at the development to Dublin Landings Tenant Ltd. for a term of 20 years, with WeWork Cos. acting as guarantor of the deal.