Latest news with #LEEDGold
Cision Canada
3 days ago
- Business
- Cision Canada
Oxford Acquires Full Ownership of High-quality Western Canada Office Portfolio from CPP Investments
The four million square foot portfolio comprises seven office properties in the Calgary and Vancouver central business districts TORONTO, June 3, 2025 /CNW/ - Oxford Properties Group ("Oxford"), a leading global real estate investor, developer and manager, and Canada Pension Plan Investment Board ("CPP Investments"), a professional investment management organization, today announced that they have closed on a transaction where Oxford will acquire CPP Investments' 50% interest in a portfolio of high-quality office properties in Western Canada ("the portfolio") for C$730 million. With this acquisition, Oxford, the global real estate arm of OMERS, now owns 100% of the approximately C$1.5 billion portfolio. The four million square foot portfolio comprises seven class AAA/A and trophy downtown office properties, three of which are in Calgary and four in Vancouver. The portfolio has benefitted from a flight to quality and outperforms both the Calgary and Vancouver downtown office markets. The portfolio enjoys strong contractual income, with long-term weighted average lease terms from a diversified mix of occupiers across industries such as financial services, technology, legal, transportation and natural resources. The portfolio also benefits from its newer vintage, with five of the seven assets built after 2010. The portfolio consists of the following properties: Eau Claire Tower in Calgary, a 25-storey, LEED Gold certified office building, built in 2016 and totalling 611k square feet Centennial Place in Calgary, built in 2010 and totalling 1.3 million square feet 400 Third in Calgary, built in 1988 and totalling 820k square feet The Stack in Vancouver, Canada's first zero carbon office tower, built in 2023 and totalling 558k square feet Guinness Tower in Vancouver, renovated in 2014 and totalling 262k square feet Marine Building in Vancouver, also renovated in 2014 and totalling 177k square feet MNP Tower in Vancouver, built in 2014 and totalling 277k square feet "Oxford has been a net seller of office for over a decade to achieve portfolio diversification. We believe now is an opportune time to rotate capital back into this asset class, and this portfolio ticks all the right boxes," said Tyler Seaman, Executive Vice President, Canada, Oxford Properties. "As the asset and property manager of this portfolio, this transaction represents a compelling opportunity for us to further invest in markets that we not only understand intimately, but in buildings where our teams have built great relationships with our customers and where we consistently use this advantage to outperform the market." "This transaction reaffirms our deep conviction in the outperformance of high-quality, well-located office properties and, more broadly, our conviction to invest in Canada," said Daniel Fournier, Executive Chair, Oxford Properties. "We have deep admiration for our partners at CPP Investments, with whom we will continue to own a sizeable portfolio, and are proud to build on our successful, 20-year track record of doing business together, all in service of generating returns for Canadians and our respective pensioners." This transaction is the latest in a longstanding relationship between Oxford and CPP Investments, which will still co-own a substantial portfolio across Canada, post completion of this transaction. "This transaction involving high-quality office properties highlights our strong, ongoing partnership with Oxford, which has delivered compelling returns for the CPP Fund," said Sophie van Oosterom, Managing Director, Head of Real Estate at CPP Investments. "The transaction is a continuation of our Real Estate strategy to secure strong business plan execution and redeploy capital into new opportunities, supporting the continued growth and performance optimization of our global real estate portfolio." Oxford's investment in these buildings comes at a time when its Canadian office portfolio continues to benefit from the bifurcation of the office sector and the ensuing flight to quality, with properties in key hubs such as Calgary, Toronto and Vancouver significantly outperforming the market with over 95% committed occupancy. About Oxford Properties Group Oxford Properties Group ("Oxford") is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$80 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with over 70 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. Learn more here. About Canada Pension Plan Investment Board Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Canada Pension Plan Fund in the best interests of the more than 22 million contributors and beneficiaries. In order to build diversified portfolios of assets, we make investments around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled $714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments.
Cision Canada
5 days ago
- Business
- Cision Canada
Major Acquisition by Groupe HD and Fondaction to Enable Development of 1,200 New Residential Units in Montréal's East End Français
MONTRÉAL, June 2, 2025 /CNW/ - Groupe HD and Fondaction have finalized a major partnership for the acquisition of a strategically located site exceeding 210,000 square feet at 5600 Sherbrooke Street East, in the heart of the Mercier–Hochelaga-Maisonneuve borough. " This acquisition marks one of the most significant and promising transactions to date for our organization. We are deeply grateful to our partner Fondaction for their trust and support in making large-scale projects like the Sherbrooke Street development tangible and concrete." said Thomas Dufour, Co-President of Groupe HD. Spanning from Sherbrooke Street to Chauveau Street, the expansive site will host an integrated residential development of nearly 1,200 units, representing a total investment of over $425 million. Aligned with the City of Montréal's Assomption Nord Urban Planning Program (PPU), the project will promote inclusive residential diversity, high-quality green spaces, and thoughtful urban densification—contributing meaningfully to the area's revitalization. More than 15% of the units—approximately 180 homes—will be affordable housing, and the development will pursue LEED Gold certification for its environmental sustainability. The project will unfold in two main phases to ensure a cohesive and gradual integration into the urban fabric. It will be executed by Construction Praxis, Groupe HD's construction division, recognized for its large-scale execution capabilities, performance-driven mindset, and innovative approach. "Fondaction is proud to partner with Groupe HD to advance the revitalization and densification of this strategic area in the East of Montréal. Anchored in a sustainable mobility network, this flagship project promotes inclusive residential diversity and aims for LEED Gold environmental certification. It aligns fully with our real estate investment strategy focused on sustainability," explained Chad Ruel, Senior Director, Real Estate Investments at Fondaction This partnership between Groupe HD and Fondaction reflects a shared vision: to create meaningful, sustainable, and accessible living environments. The project aims to address the present and future needs of local communities while shaping an urban landscape that lives up to collective aspirations. Project Overview Investment: $425 million Developer: Groupe HD Financial Partner: Fondaction Lender: Desjardins – Real Estate Financing Group General Contractor: Construction Praxis Architecture & Design: NEUF Architect(e)s Landscape Design: BC2 About Groupe HD Groupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information, visit or follow us on LinkedIn. About Fondaction A forerunner for over 25 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Quebec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Quebec progress. It manages more than $3.99B in net assets, as at November 30, 2024, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page.
Yahoo
5 days ago
- Business
- Yahoo
Major Acquisition by Groupe HD and Fondaction to Enable Development of 1,200 New Residential Units in Montréal's East End
MONTRÉAL, June 2, 2025 /CNW/ - Groupe HD and Fondaction have finalized a major partnership for the acquisition of a strategically located site exceeding 210,000 square feet at 5600 Sherbrooke Street East, in the heart of the Mercier–Hochelaga-Maisonneuve borough. "This acquisition marks one of the most significant and promising transactions to date for our organization. We are deeply grateful to our partner Fondaction for their trust and support in making large-scale projects like the Sherbrooke Street development tangible and concrete." said Thomas Dufour, Co-President of Groupe HD. Spanning from Sherbrooke Street to Chauveau Street, the expansive site will host an integrated residential development of nearly 1,200 units, representing a total investment of over $425 million. Aligned with the City of Montréal's Assomption Nord Urban Planning Program (PPU), the project will promote inclusive residential diversity, high-quality green spaces, and thoughtful urban densification—contributing meaningfully to the area's revitalization. More than 15% of the units—approximately 180 homes—will be affordable housing, and the development will pursue LEED Gold certification for its environmental sustainability. The project will unfold in two main phases to ensure a cohesive and gradual integration into the urban fabric. It will be executed by Construction Praxis, Groupe HD's construction division, recognized for its large-scale execution capabilities, performance-driven mindset, and innovative approach. "Fondaction is proud to partner with Groupe HD to advance the revitalization and densification of this strategic area in the East of Montréal. Anchored in a sustainable mobility network, this flagship project promotes inclusive residential diversity and aims for LEED Gold environmental certification. It aligns fully with our real estate investment strategy focused on sustainability," explained Chad Ruel, Senior Director, Real Estate Investments at Fondaction This partnership between Groupe HD and Fondaction reflects a shared vision: to create meaningful, sustainable, and accessible living environments. The project aims to address the present and future needs of local communities while shaping an urban landscape that lives up to collective aspirations. Project OverviewInvestment: $425 millionDeveloper: Groupe HDFinancial Partner: FondactionLender: Desjardins – Real Estate Financing GroupGeneral Contractor: Construction PraxisArchitecture & Design: NEUF Architect(e)sLandscape Design: BC2 About Groupe HDGroupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information, visit or follow us on LinkedIn. About FondactionA forerunner for over 25 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Quebec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Quebec progress. It manages more than $3.99B in net assets, as at November 30, 2024, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page. SOURCE Groupe HD View original content to download multimedia: Sign in to access your portfolio
Arabian Post
5 days ago
- Business
- Arabian Post
Dubai's Akala Project Sets New Benchmark in Wellness Real Estate
Arada has launched Akala, a AED 5 billion development positioned as the world's first precision wellness destination, located between Dubai International Financial Centre and Downtown Dubai. The project comprises two 220-metre towers housing 534 branded residences, integrating advanced medical diagnostics with luxury living. The residences range from one-bedroom apartments to a two-level penthouse named The Observatory, offering panoramic views of the Burj Khalifa. Each unit is designed to provide a lifestyle supported by performance-driven therapies and intuitive hospitality. The development is LEED Gold and WELL Silver precertified, emphasizing sustainability and indoor health. Akala's wellness ecosystem includes the Everwell medical clinic, a state-of-the-art gym, wellness studios, and the Akala Spa. The spa features thermal circuits with thalassotherapy pools, eucalyptus steam rooms, infrared salt rooms, Finnish saunas, cold plunges, and ice rooms. Private treatment rooms and VIP Spa Suites are also part of the design. ADVERTISEMENT Sales commenced on May 31 with a two-day event at Dubai's Museum of the Future. Prices start from AED 3.79 million for one-bedroom apartments, with sizes ranging from 1,036 to 1,407 square feet. A flexible 50/50 payment plan is available, with 10% down payment, 50% during construction, and the remaining 40% upon completion. Construction is scheduled for completion by the end of 2029. Arada plans to expand the Akala brand internationally, targeting markets in the Middle East, Europe, and Australia. The company aims to deliver culturally tailored yet consistently luxurious experiences in each location. HRH Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, stated that Akala is designed for the next generation of global citizens who want to live better, happier, and longer. He emphasized that the project reflects how people want to live today, where peak health, personal performance, and rest are all part of the same experience.
CairoScene
5 days ago
- Business
- CairoScene
25hours Hotel to Launch First Egypt Location at West Cairo's Junction
Majid Al Futtaim and Ennismore bring the 25hours brand to Egypt with a new property set inside Junction. Egypt is set to welcome its first 25hours Hotel, with hospitality group Ennismore and regional developer Majid Al Futtaim partnering to introduce the brand at Junction, a business and lifestyle hub in West Cairo. The hotel will feature around 250 keys, including a mix of standard rooms and branded residences under the 25hours Heimat concept, which blends bold, locally inspired design with a laid-back, community-focused hospitality model. The hotel's interiors are expected to draw inspiration from Egypt's rich cultural heritage while maintaining the brand's playful and immersive design ethos. Planned facilities include three dining concepts, coworking spaces, wellness and spa offerings, and flexible event and meeting areas—geared towards younger, urban travellers and professionals seeking informal but design-conscious stays. The surrounding Junction development spans over 129,000 square meters and includes 13 office buildings, along with a curated mix of retail and food and beverage destinations. The project is currently targeting LEED Gold certification, in line with broader sustainability goals.
