Chief Investment Officer at Oxford Properties Group (“Oxford”), Chad Remis, recently spoke with Ben Wilmot, Commercial Property Editor at The Australian on Oxford’s foray into Australia and future ambitions.
Known for its strategic acquisition of Investa’s listed office fund in 2018 and its subsequent stake in the platform, the Canadian real estate giant has invested $6.5 billion in the country since 2018, with plans to increase this amount over the next five years, according to Remis.
Mr Remis said the combination of a global swing back towards commercial real estate and wide-ranging opportunities – from the top end of the office market to the burgeoning living sector – put Australia on the map.
Oxford has put capital behind its thesis. Alongside co-owner Mitsubishi Estate Asia and investment manager and developer, Investa, the $1.3 billion commercial and retail destination above Gadigal Station, Parkline Place opened in March in Sydney CBD, and the company is backing three Build to Rent projects in Sydney and Melbourne that are developed by Investa under the Indi banner.
To read the full article published by The Australian, visit Oxford Properties puts beds, sheds and desks on the menu | The Australian.