Homegrown developer Oxley Holdings has emerged as the preferred bidder for a 2.35ha commercial site in Dublin, Ireland.
Located at 72-80 North Wall Quay in the central business district, the leasehold site will be mainly for office development, and could accommodate 645,000 sq ft of Grade A office space and over 200 apartment units.
The new building is expected to address the shortage of high-quality office space in the city centre.
Launched for sale in June 2014, the site attracted six local and international bidders. If Oxley wins the tender, it will have the rights to develop and manage the site.
“This is the first venture for Oxley in Ireland. We are delighted by the opportunity to invest in Ireland and to deliver a top quality commercial and residential development in Dublin,” said Ching Chiat Kwong, CEO of Oxley.
Construction work is expected to start by early 2016, subject to planning consent from the Dublin City Council.
Oxley’s other overseas investments include a waterfront township development in London, and mixed-residential and commercial project in Cambodia.
Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
