Oxford Properties
From Wikipedia, the free encyclopedia
| Oxford Properties Group | |
|---|---|
 |
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| Type | Retail Property Management |
| Founded | |
| Headquarters | Toronto, Canada |
| Industry | Property Management |
| Employees | 1,400 (2007) |
| Website | [1] |
Oxford Properties owns more than 47,000,000 sq ft (4,400,000 m²). of commercial & industrial space, more than half of it in the city of Toronto and its suburbs, from where the company is based. It also owns about a half-dozen Canadian Fairmont luxury hotels (acquired in 2006), as well as residential complexes containing more than 3,600 apartment units. The Ontario Municipal Employees Retirement System (OMERS) purchased Oxford Properties for CAN$1.5 billion.[1] At that time, January 2003, Oxford ceased offering its securities to the public[2] and surrendered its letters on the TSX, OXG.DB.
Noticeably in FY 2006 & 2007, Oxford has been on a drive to purchase properties in the US and UK[3] Retail Markets. on Oct 18, 2007, Gail Kalinoski stated[4]
| “ |
Oxford Properties Group of Toronto has acquired 48.9 percent of a portfolio of eight U.S. regional shopping malls owned by Australian investment and advisory firm Babcock & Brown. The price paid for the stake was not released. |
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And disclosed further details by saying:
| “ |
Oxford already has a retail presence in the United States through its joint venture with Columbus, Ohio-based Glimcher Realty Trust. In January 2006, Oxford Properties and the REIT formed a JV to acquire anchored retail properties in the United States. The joint venture’s first transaction was the acquisition of Puente Hills Mall in the Los Angeles metro area, according to Glimcher’s website. Glimcher owns 52 percent of the joint venture while Oxford has 48 percent. The companies have since added the Tulsa Promenade Mall in Oklahoma to the joint venture. Oxford Properties paid Glimcher $58.3 million for a 48 percent stake in that shopping center. |
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Having competed for several consecutive years, Oxford has consistently won prizes & awards from BOMA, but has seen this trend slip in 2007, only taking 2 awards[2], due possibly to improvements in the competitions service.[3]
[edit] Competitors
- Brookfield Properties Corporation (bpo)
- The Cadillac Fairview Corporation Limited
- Morguard Corporation
[edit] See also
[edit] References
- ^ "OMERS to Acquire Oxford Properties Group for $1.5B", Lexpert.ca, Lexpert. Retrieved on 2008-01-05.
- ^ "IN THE MATTER OF THE SECURITIES LEGISLATION OF". Retrieved on 2008-01-05.
- ^ MCLEOD, LORI. "Oxford Properties makes major London deal", The Globe and Mail, theglobeandmail.com, 2007-07-18. Retrieved on 2008-01-23.
- ^ Kalinoski, Gail. Oxford Buys Stake in B&B’s U.S. Retail Portfolio. Retrieved on 2008-01-23.
