Oxford Properties Group

Oxford Properties Group

April 04, 2013 13:32 ET

Oxford Properties Group Announces New Office Tower in Calgary's Eau Claire District Eau Claire Tower to be New Corporate Head Office for MEG Energy Corp.

Eau Claire Tower to be New Corporate Head Office for MEG Energy Corp.

CALGARY, ALBERTA--(Marketwired - April 4, 2013) - Oxford Properties Group announced today the development of Eau Claire Tower: an approximately 600,000 square foot, 25 storey, Class AAA, LEED Gold office tower in Calgary. Currently named in recognition of the desirable downtown Calgary district, the building will be Oxford's third office tower to be constructed in this district in the past three years. Eau Claire Tower will become the new corporate head office for MEG Energy Corp., who will occupy approximately 11 floors in the building.

"Oxford has a rich development history in Alberta - it's where we started over 50 years ago," said Blake Hutcheson, President and CEO, Oxford Properties. "We look forward to further committing to the vibrant city of Calgary with the development of Eau Claire Tower, and to growing our existing relationship with the team at MEG as lead tenant. We are very excited about this project and we are as committed to it as we are the City of Calgary."

Rick Artus, Director, Office Leasing, Oxford Properties in Calgary, adds: "MEG has been a great partner to Oxford at Centennial Place and we're very pleased to have them grow their relationship with us so significantly. The East and West towers of Centennial Place were completed in 2010 and are fully leased, and given the amount of leasing interest we have received relating to Eau Claire Tower we are confident this development will be another success."

Designed by renowned architectural firm B+H Architects, Eau Claire Tower will exude a modern aesthetic and showcase the latest in building systems and construction technology. The tower will feature an efficient floor plate and large windows with exceptional views of the Bow River valley and the Rocky Mountains to the West. The building is targeted to achieve a minimum LEED Gold certification. The development will also feature a fitness and gym facility, separate bicycle parking complete with shower and locker facilities for cyclists commuting to work and will be +15 connected to Centennial Place.

"Oxford has developed a reputation internationally for quality, execution and service, and Eau Claire Tower will be no exception," said David Routledge, Vice President, Real Estate Management, Oxford Properties in Calgary.

About Oxford Properties

Oxford Properties Group is a global platform for real estate investment, development and management, with over 1,400 employees and over $21 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company's portfolio includes approximately 50 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of OMERS. For more information about Oxford, visit: www.oxfordproperties.com.

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