In 2011, Oxford acquired a 65-acre brownfield site in Burnaby, Greater Vancouver, a well-established and high-demand Canadian industrial market. Our vision–to transform this former paperboard mill in the country’s tightest industrial market into a modern, master-planned logistics business park with premium buildings and occupant benefits on par with those usually saved for leading urban office complexes.
Today we have realized that vision with Riverbend Business Park: a market-leading business park featuring six LEED-Certified buildings and Canada’s first large-bay multi-level distribution centre. It earned the City of Burnaby Environmental Award in 2019. The signing of a long-term lease to occupy the entire 707,000 square foot ‘multi-storey’ building by one of the most innovative companies in the world, Amazon, completes Riverbend’s leasing alongside Mercedes/Volvo fuel-cell joint venture; cellcentric, Article and Canada Post. We took advantage of the site scale and waterfront location with a running trail that connects to Burnaby Fraser Foreshore park, an amenity pier overlooking the Fraser River and an accessible shoreline that we significantly restored and improved as part of our development program.
The industrial sector is an important investment theme for our business globally, and forward-thinking properties like Riverbend show the ways we can create economic and social value through our projects.