CPPIB Partnership
Toronto, Canada

Oxford sold a 50% direct, undivided interest in a national 11 property, 8.1 million square foot portfolio which also included three development sites to the CPP Investment Board, together forming a strategic and collaborative partnership.

Since the closing of the transaction, Oxford and CPPIB have executed the development of an office tower in Ottawa together and a significant redevelopment of Royal Bank Plaza, and continue to explore further opportunities within the portfolio.

Since closing the sale in 2005, the portfolio has consistently out-performed underwriting.