140885
139007


Oxford's Aussie acquisition

Oxford Properties Group has acquired the Investa Office Fund, a portfolio of 19 properties in Australia, for $3.3 billion.

The deal includes office buildings in Sydney, Melbourne, Brisbane, Perth and Canberra.

The companies say Oxford and Investa will jointly manage the portfolio.

Oxford plans to sell a number of non-core properties and has initiated select sale processes to reposition the portfolio and fund future growth.

It's the real estate investment firm's second major investment in Australia following the lease of the Port of Melbourne as part of a consortium in 2016.

Oxford is the real estate arm of OMERS, one of Canada's largest pension plans.



More Business News

134721
140587
137176
Data from CryptoCompare
Recent Trending
139162
Soft 103.9
Castanet Proud Member of RTNDA Canada
140401
Press Room
139994
139325