1960; 58 years ago (1960)
EY Tower, Toronto, Canada
Blake Hutcheson (CEO)
Number of employees
Oxford Properties, established in 1960, is a global real estate owner,
investor, developer and property manager with a portfolio of office,
retail, industrial, multi-residential and hotel assets. Wholly
owned by the Ontario Municipal Employees Retirement System since
2003, the company has offices in Toronto, New York, London and
Luxembourg. The organization has 2,000 employees and over $40 billion
of real assets that it manages for itself and on behalf of its
co-owners and investment partners. Oxford’s portfolio of properties
represents more than 50 million square feet of office, retail, hotel,
industrial, land and multi-residential assets in key markets across
Canada, the US and Europe. Some of its most recognized assets include
Royal Bank Plaza, The Fairmont Banff Springs Hotel, Yorkdale Shopping
Olympic Tower and The Leadenhall Building.
Oxford Properties is currently co-developing New York's Hudson Yards
Redevelopment Project (with Related Companies) and recently completed
Vancouver’s MNP Tower and Toronto’s
RBC WaterPark Place
RBC WaterPark Place (both with
Investment Board). Oxford also owns seven Canadian Fairmont luxury
hotels which were acquired in 2006, as well as 7,152 residential units
spanning over 13 properties across Canada.
1 Corporate history
2 Oxford’s early years
3 Environmental and social responsibility
4 Property gallery
5 See also
7 External links
Oxford Leaseholds was established in 1960 in Edmonton by Don Love and
John and George Poole, founders of PCL Construction. In the early days
of the company’s formation, the partners decided that there was a
need for a medical clinic, and they vowed to make it happen. Seven
years and a few buildings later, Great-West Life, Confederation Life
Insurance Co. and
Canada Trust Co. became equity partners.
To reflect its growing desire to develop towers as well as operate
them, the company changed its name to
Oxford Development Group. The
firm entered the 1970s as a publicly traded company, with an offering
Toronto Stock Exchange, with its assets surpassing $1 billion.
At the time, large acquisitions included the Y&R Properties
portfolio and 25 shopping centres from Cambridge Leaseholds.
A decade later, a new ownership structure was introduced, as Oxford
went private in 1980 in a management-led leveraged buyout. To pay for
the deal, it sold its shopping centres. The decade didn't pass quietly
however, with assets rising above $3 billion.
Oxford Properties set up
its headquarters in Toronto's Richmond-Adelaide Centre and sold its
U.S. business to BCE Development Corp. Next came a division of
companies, as the organization split in two -
Oxford Properties Canada
Ltd. put the company's real estate back in public hands, and Oxford
Development Group stayed private and managed all of the company’s
Eight years later, the two companies merged and once again went
public, with help from a $60 million investment from a Hong Kong
investor. The company made significant real estate investments, buying
entire portfolios from Marathon, Greiner-Pacaud, Hammerson Canada,
Royal Bank and the Canderel Group.
Oxford’s early years
Don Love had arrived in Edmonton in 1955 as an enterprising young
stockbroker working for a national securities firm. A physician client
approached him about building a medical clinic in Edmonton, asking if
he knew of any potential investors. He knew E.E. Poole, another one of
his clients, and when Love made the proposal, Ernest Poole declined,
but suggested that his sons John and George might have some interest.
The three young men started a new company called “POLO” – "PO"
for Poole, and "LO" for Love. Don provided the imagination, while John
and George provided the capital. The trio secured a mortgage and built
the Baker Clinic, which they then sold back to the doctors of the
practice. They were officially in the development business.
Environmental and social responsibility
Oxford Properties ranked first in Sustainability in North America in
the Diversified Retail/
Category by the Global Real Estate
Sustainability Benchmark (GRESB) survey for the fourth year in a row
in 2016. GRESB is an industry-driven organization committed to
assessing the ESG performance of real assets globally, including real
estate portfolios and infrastructure assets.
Oxford Properties has measured a 26 per cent improvement in the energy
efficiency of their managed portfolio, on a per square foot basis,
RBC WaterPark Place
RBC WaterPark Place was the first LEED Core and Shell Platinum Office
Tower in Toronto.
Watermark Place, London, UK
Centennial Place, Calgary
Yorkdale Shopping Centre, Toronto
Constitution Square, Ottawa
RBC WaterPark Place, Toronto
^ "Contact". Oxford Properties.