In a regulatory filing on Monday, Oxley says the proceeds from the sale will contribute positively to the cashflow of the group.
SINGAPORE (Dec 16): Property developer Oxley Holdings announced Monday that its wholly-owned subsidiary, Oxley Docklands Quay Two, has entered into a memorandum of agreement for the sale of the leasehold interest of 297 years in No. 3 Dublin Landings for 115.0 million euros ($173.7 million).
Oxley is entitled to receive 77.8% of the sale price, with National Asset North Quays DAC receiving the balance.
