Oxford Properties Plans to Double Industrial Portfolio by 2018
By: The Globe and Mail June 09, 2014
Oxford Properties' industrial real estate portfolio has topped the 10 million-square-foot mark, and it intends to double its size by 2018.
Oxford has just begun developing industrial sites in recent years. Its properties include the Vaughan Industrial Park and Brampton Business Park in the Toronto area and the Cityview and Northport business parks in Edmonton. It is developing Oxford Airport Business Park north of the Calgary International Airport, and another business park in South Burnaby, B.C.
For the moment it is keeping its portfolio to those four core markets: Toronto, Edmonton, Calgary and Vancouver.
“We do have some manufacturing, but for the most part these are large warehouse distribution facilities that would handle the goods that enter the country,” says Jeff Miller, vice president of industrial at Oxford Properties. “They would typically end up in these warehouse distribution facilities before going, for instance, to retail malls.”
The average size of one of the buildings in Oxford’s industrial portfolio is about 270,000 square feet. Tenants include Nestle, Best Buy, Future Shop, Saputo and Exel Logistics.