Parties
Company
AustralianSuper
Company
Oxford Properties Group
On January 13, 2025, AustralianSuper, Australia's largest superannuation fund, announced the acquisition of a 50% stake in Oxford Properties Group's approximately €840 million (approximately CAD 1.238 billion) European industrial and logistics portfolio, as well as in M7 Real Estate, Oxford's European investment and asset management platform.
Oxford Properties is the real estate investment arm of the Ontario Municipal Employees Retirement System (OMERS), a prominent Canadian pension fund.
The partnership, named the European Supply Chain Income Partnership (ESCIP), aims to expand the portfolio's gross asset value to up to €4.5 billion (approximately CAD 6.634 billion) over the next three to five years. Currently, the portfolio comprises approximately 730,000 square meters across 76 assets, located in strategic urban hubs in the UK, Denmark, France, Germany, the Netherlands, and Spain. These assets maintain a 90% occupancy rate, housing over 200 tenants, and emphasize high environmental standards.
M7 Real Estate will continue as the investment and asset manager, responsible for sourcing and executing new opportunities across key European logistics corridors.
Eastdil Secured and Ashurst acted as advisors to Oxford on the transaction.
Deal Type
Joint VentureIndustry
InfrastructureTransaction
$ 1,238,000,000Deal Status
ActiveClosing Date