Oxford Properties
Encyclopedia
Oxford Properties is an investor, owner, developer and manager of commercial real estate of more than 47000000 sq ft (4,366,442.9 m²). of commercial
& industrial
space, more than half of it in the city of Toronto
and its suburbs, from where the company is based, but also has regional head offices in New York
and London
. 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. At that time, January 2003, Oxford ceased offering its securities to the public and surrendered its letters on the TSX
, OXG.DB. Oxford Properties are currently co-developing the iconic Leadenhall Building (The Cheese Grater) with British Land
.
Commerce
While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
& industrial
Industry
Industry refers to the production of an economic good or service within an economy.-Industrial sectors:There are four key industrial economic sectors: the primary sector, largely raw material extraction industries such as mining and farming; the secondary sector, involving refining, construction,...
space, more than half of it in the city of Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
and its suburbs, from where the company is based, but also has regional head offices in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
and London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. 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
OMERS
OMERS, officially the Ontario Municipal Employees Retirement System, is a pension fund created by statute in 1962 to handle the retirement benefits of local government employees in the province of Ontario, Canada. It has become one of the largest institutional investors in Canada. About 70% of...
) purchased Oxford Properties for CAN$1.5 billion. At that time, January 2003, Oxford ceased offering its securities to the public and surrendered its letters on the TSX
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
, OXG.DB. Oxford Properties are currently co-developing the iconic Leadenhall Building (The Cheese Grater) with British Land
British Land
The British Land Company plc is one of the largest property development and investment companies in the United Kingdom. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. It is headquartered in London...
.
Competitors
- Brookfield PropertiesBrookfield PropertiesBrookfield Office Properties Inc. is a North American commercial real estate company. Brookfield Asset Management owns fifty percent of its outstanding common shares. The company has its headquarters operations in New York City and Toronto...
Corporation (bpo) of TorontoTorontoToronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from... - The Cadillac Fairview Corporation Limited of TorontoTorontoToronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
- Morguard Corporation