Oxford Properties Group

Oxford Properties Group

October 02, 2007 09:12 ET

Oxford Properties Group Announces Second Tower in Downtown Calgary

Real Estate Investment Firm to proceed with Centennial Place Phase Two - A 443,000 square foot office tower

CALGARY, ALBERTA--(Marketwire - Oct. 2, 2007) - Oxford Properties Group announced the launch of the second phase of Centennial Place today further establishing Oxford's confidence in the Calgary office market.

"We are very pleased to be proceeding with the second phase of this project, says David Routledge, Vice President with Oxford for Western Canada, "there continues to be significant demand for large blocks of contiguous space in Calgary's core and Centennial Place will provide organizations with a first class solution for their office space needs".

Centennial Place is comprised of two office towers totaling over 1.2 million square feet. Located in the Eau Claire district of downtown Calgary, Phase One consists of a 40 storey 800,000 square foot office tower, retail podium and 5 level underground parking garage. Phase Two will consist of a 23 storey 443,000 square foot office tower.

Pre-leasing of Phase One has been very successful - with 43% of the Tower committed thus far to Borden Ladner Gervais LLP, Divestco Inc. and MacPherson Leslie & Tyerman LLP.

Phase Two will feature the same best-in-class design as Phase One and will be built in accordance with Leadership in Energy and Environmental Design (LEED®) guidelines. LEED® buildings feature efficient water and energy systems and are designed to meet a high standard of indoor environmental quality.

Construction of Phase Two will commence immediately with the entire complex ready for occupancy in December 2009.

About Oxford

One of North America's leading commercial real estate investment firms, Oxford Properties Group owns, develops, invests and manages a global portfolio of approximately $15 billion of diverse real estate assets. Oxford is an Ontario Municipal Employees Retirement System (OMERS) company.

Contact Information

  • Oxford Properties Group
    David Routledge
    Vice President, Real Estate Management, Western Region
    (403) 206-6416
    or
    Oxford Properties Group
    Mark A. Cote
    Vice President, Development
    (416) 868-3686