Canada’s Oxford Properties lists $1.5 billion worth of office towers around Australia
Canada based, Oxford Properties Group (Oxford), a global real estate investment, development and management company has listed a collection of office properties from their recently launched OIPP portfolio.
Oxford is the global real estate arm of OMERS.
To facilitate the process, Cushman & Wakefield have been appointed as lead advisors.
Alec Harper, Director, Investments and Asset Management, Australia, Oxford, said “We have carefully identified a collection of high quality, well-located properties for sale that we believe will be very attractive to the market.
"It provides us the opportunity to recycle sale proceeds to fund growth in our existing portfolio as well as future acquisitions of on-strategy, premier assets in Australia’s gateway cities.”
Josh Cullen, Cushman & Wakefield National Director, Capital Markets, Australia and New Zealand, said, “The properties on offer are high quality assets across Australia’s largest capital cities.
"We believe that bringing the assets to market as a collection provides scale that offers additional investment potential for market participants on this already attractive offering.”
Located in established commercial markets across Australia, the assets will be marketed to investors in Australia and internationally, with the formal campaign launching on March 11.
The collection includes:
- Piccadilly Complex, Sydney (pictured in title)
- 6 O’Connell Street, Sydney (pictured above)
- 99 Walker Street, North Sydney
- 111 Pacific Highway, North Sydney (pictured above)
