The RESI Convention is back in the room for 2021! This exclusive two-day gathering of leaders from across the residential property sector has been carefully curated to focus on the most important strategic insights in the wake of Covid-19.
2021-07-23T00:00:00
Oxford Properties’ Jo McNamara on the wall of global capital driving fierce competition for best assets – Area4 head Andrew Reed on playing a part in TV and film productions – Three F&B operators discuss the challenges of the pandemic and their hopes for the sector’s future
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Oxford Properties has marked its entry into the European life science real estate sector with an acquisition in the UK as it plans to invest £1.2bn (€1.4bn) in Europe over the next five years.
The global real estate asset management arm of Canada’s OMERS has invested £45m (€52.4m) to buy 310 Cambridge Science Park from Local Authorities’ Property Fund, a fund managed by the public sector and charities investment manager CCLA.
The 59,000sqft 310 Cambridge Science Park is fully let to AstraZeneca until November 2023, who are then relocating to a new headquarters.
Oxford Properties made its first investment in the life science sector in 2017 and currently has a $1.1bn life sciences portfolio in North America.
By Richard Lowe2021-01-26T14:00:00+00:00
Oxford Properties Group, the real estate arm of Canadian pension fund OMERS, has confirmed that it is buying European fund manager M7 Real Estate.
The C$80bn (€51bn) real estate investor said it was making the acquisition as part of plans to deploy £3bn (€3.33bn) into multi-let industrial and urban logistics across Europe.
M7 Real Estate, which manages about €4bn of assets on behalf of third-party investors, will continue to operate as a standalone business, led by co-founders Richard Croft and David Ebbrell.
Under the new ownership, the company will have access to a greater pool of capital for both real estate and corporate investments.
Dan Hajjar
Managing principal, HOK London Studio
I’m grateful for how the pandemic afforded me more time with my family, particularly my children. This helped give me a revitalised perspective on how important investing in the next generation is for the future of our society and economy. Not only do I want to continue investing in my family, but also the young architects who are the future of our profession. We need to ‘mind the gap’ in terms of the lack of hands-on workplace opportunities that many have not benefitted from due to the pandemic and find a way to make this available no matter the cost.