Oxford Properties Group

Oxford Properties Group

October 17, 2007 16:45 ET

Oxford Acquires US Retail Property Portfolio Interest

TORONTO, ONTARIO--(Marketwire - Oct. 17, 2007) - Oxford Properties Group ('Oxford') announced today that it has completed the acquisition of a 48.9% interest in a US portfolio of 8 regional shopping centres comprising approximately 5.8 million square feet. The portfolio is owned with partner Babcock & Brown ('B&B') and its affiliates.

This acquisition follows the August 31, 2007 closing of a 65% interest in a portfolio of 12,388 residential units located in Germany, also with partner B&B.

Christopher Voutsinas, Global Head, Global Principal Investment, Oxford, stated, "These acquisitions exemplify Oxford's ability to leverage our reach and to develop and foster strategic relationships with important market participants around the world."

Andrew Trickett, SVP, Global Principal Investment, Oxford, said, "Oxford is just getting started: we intend to build significant global platforms and portfolios with key strategic partners and view these transactions as part of a larger growth opportunity for both firms."

"We view Oxford as a key partner in the growth of our global property business and we look forward to working with them on this and other future endeavors," said Jeremy Pemberton, Managing Director, B&B.

Building returns on intelligence, Oxford Properties Group combines real estate expertise, fast execution and unsurpassed access to capital to provide a global platform for real estate investments and deliver superior risk-adjusted returns.

Contact Information

  • Oxford Properties Group
    Claire Kennedy
    Director, Communications
    (416) 350-4734