Sell My House Quickly in Oxford
Sell My House Quickly found another interesting article about Oxford. Oxford Properties advances European logistics plan with Logistics Capital.
It has progressed its direct logistics investment strategy in Europe via a new UK venture with Logistics Capital Partners (LCP).
The C$70bn (€47.bn) property arm of Canadian pension fund OMERS and LCP’s new co-investment joint venture has bought a 734-acre site near Birmingham to develop a logistics hub with associated rail freight terminal known as West Midlands Interchange.
The site was acquired from Four Ashes, a partnership including Kilbride Holdings and Grosvenor Group’s indirect investment business.
This and LCP will jointly invest £1bn (€1.2m) to bring forward the project over a number of years.
It is providing the majority of the capital for the project. It which plans to invest £3bn of capital in the European logistics sector over the next five years.
Last year, Oxford Properties announced its plan to deploy capital in the European logistics sector over the next five years in platforms, developments and portfolios of scale.
The OMERS subsidiary made its first direct European investment in 2020, with the acquisition of a 15-acre site in Heathrow alongside LCP.
Earlier this year, Oxford Properties announced it is buying European fund manager M7 Real Estate. It which manages about €4bn of assets on behalf of third-party investors.
Oxford Properties manages a portfolio of industrial real estate across North America, Europe and Asia Pacific. The company has had exposure to European logistics since 2018 and had invested through logistics vehicles with assets in the UK, Germany and France.
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