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Oxley sells 241 units in London Royal Wharf project for £59.9m

Thursday, April 14, 2016 - 17:56

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Property developer Oxley Holdings has agreed to sell 241 units at Plot 21 of the Royal Wharf Development in London for £59.9 million (S$115.6 million).

PROPERTY developer Oxley Holdings has agreed to sell 241 units at Plot 21 of the Royal Wharf Development in London for £59.9 million (S$115.6 million).

The buyers have paid £1.8 million of the consideration amount, and will pay the remainder upon completion of Plot 21, which is expected to be in the fourth quarter of 2018. The sale was carried out by Oxley's wholly owned unit Oxley Wharf Property 2.

The deal is not exepected to have any material impact on earnings or assets for the year ending June 30, 2016.

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