Oxford Properties Group

Oxford Properties Group

July 11, 2005 14:45 ET

ENCORE: Oxford Rolls Out the Red Carpet for Constitution Square Tower III

OTTAWA, ONTARIO--(CCNMatthews - July 11, 2005) -

Real estate investment firm announces 19-storey, 330,000 square foot office tower

Hugh Gorman, Vice President, Real Estate Management of Oxford Properties Group, today announced the highly anticipated third and final Tower of its Constitution Square office complex. "We are pleased to announce this exciting new development - the third and final tower for Ottawa's premier downtown office complex," says Gorman. "Oxford is committed to Constitution Square, the Ottawa market, and to the investment in, and management of, high quality commercial real estate," Oxford's renowned emphasis on quality has established Constitution Square as a premier business location in the National Capital Region. The anticipated completion date for Tower III is June 2007.

Tower III of Constitution Square, like Towers I and II and Oxford itself, will provide exceptional value-added services, emphasize innovation, and exceed industry standards in every area. The building's design emphasizes efficiency, with floor plates designed to allow more people to work in less space - and to do so in absolute comfort. The 19-storey, 330,000 square foot tower exceeds the Canadian Building Incentive Program standards for environmental efficiency, and complies fully with BOMA Canada's "Go Green" environmental standards for building operations. Tenants of Tower III will enjoy Constitution Square's exceptional amenities, including a fully equipped fitness centre, a state-of-the-art conference centre, and a beautiful third floor terrace.

Recognized as an industry leader in providing first class services for the development, leasing, and the real estate management of commercial properties in Canada, Oxford enjoys the highest customer loyalty in the industry. Tenant customers welcome the value Oxford brings to its commercial projects, as well as the exceptional value added services - services that exceed industry standards and are reviewed regularly using consistent and measurable industry benchmarks. Since its establishment in 1960, Oxford has grown to become one of North America's largest commercial real estate companies. The company is the market leader in Toronto, Calgary and Edmonton and holds dominant positions in Ottawa, Montreal, Winnipeg and Vancouver. Oxford's knowledge, local expertise and commitment to meeting its customers' needs have combined to make it the largest and most successful manager of office buildings in Canada.

In spring 2004 Oxford announced a new investment strategy which included the diversifying of the portfolio geographically and across asset classes, as well as selected value add development projects. Constitution Square Tower III represents the latter strategy, and is Oxford's first major development project in over five years.

Oxford Properties Group is one of North America's largest commercial real estate investment firms, and manages a portfolio of prime Office, Retail, Industrial and Multi-Family Residential assets and holds interest in real estate assets abroad. Oxford has $10 billion of commercial real estate under management.

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