Oxley launches development of first project in Ireland

SINGAPORE (Oct 7): Oxley Holdings on Thursday announced it is starting the development of its first project in Ireland, in what is its second venture outside of Asia after Royal Wharf in London.

The new docklands development, dubbed Dublin Landings, will be jointly developed by Oxley and Ballymore Group, one of the largest private-owned property groups in Europe.

Oxley secured the development rights for the 2.35ha site situated along Dublin’s North Wall Quay in 2015.

The project will comprise 700,000 sq ft of flexible Grade A office and retail space, and 273 luxury residential apartments.

The five new office buildings are expected to be delivered by 2020, Oxley says in a regulatory filing.

“After establishing our presence in London with the Royal Wharf project, Dublin Landings will be another milestone for Oxley in building our image in the European market. Our steady progress in overseas expansion will enhance our project and revenue pipeline for sustained growth,” says Oxley’s executive chairman and CEO Ching Chiat Kwong.

“I am delighted to be developing a project of this scale in Dublin City Centre,” says Ballymore Group’s Chairman and Group Chief Executive Sean Mulryan.

“The Docklands area and North Wall Quay specifically, has great potential and we are looking forward to harnessing that. Dublin Landings will showcase our design expertise in Docklands development and will bring to life our vision of creating a vibrant community within the area,” Mulryan adds.

Shares of Oxley Holding closed 1.1% lower at 43.5 cents on Thursday. — theedgemarkets.com.sg

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