Oxford Properties, the real estate unit of Canada's OMERS pension fund, will sell Josh Cullen ($1.06bn) worth of high-quality office buildings in Brisbane, Sydney and Canberra. The 10 properties are set to be sold individually, and have been chosen from the Investa Office Fund's portfolio, acquired by Oxford in late 2018 for $4.4bn. The company said returns from the divestments will be used to support current and future projects.
Oxford Properties, the real estate unit of Canada's OMERS pension fund, will sell AUD1.5bn ($1.06bn) worth of high-quality office buildings in Brisbane, Sydney and Canberra. The 10 properties are set to be sold individually, and have been chosen from the Investa Office Fund's portfolio, acquired by Oxford in late 2018 for $4.4bn. The company said returns from the divestments will be used to support current and future projects.