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Greystar Agrees To Pay €175.5M For Dublin Landings Resi Blocks

Artist's impression of Dublin Landings residential scheme

Greystar Europe has entered into an exclusive agreement to buy the residential element of Ballymore and Oxley Holdings’ Dublin Landings development.

The rental housing specialist has agreed to pay €175.5M for blocks B and E, which will comprise 268 units and 210 car parking spaces, as well as common areas including landscaped gardens, a private gym and business lounges. Currently under construction, the first phase of the scheme is scheduled for delivery this autumn.

Greystar has been granted exclusivity on the deal until 4 March. In a statement, Oxley Holdings said the target date for contracts to be exchanged is 27 February.

The scheme was put on the market — without a guide price — in October through Savills, which described it as Ireland’s largest ever prime private rented sector opportunity. At the time, there was speculation that it could achieve a price of more than €200M.