Announced
Completed
Financials
Tags
Acquisition
Friendly
Australia
Majority
Real Estate Holding and Development
Private
Cross Border
Completed
real estate development
Single Bidder
Private Equity
Synopsis
Oxford Properties, a real estate investment company, completed the acquisition of a 50% stake in Investa Office Management, a real estate development company, from Macquarie-backed MIRA Real Estate. Financial terms were not disclosed. “Australia is one of our highest conviction markets and our largest presence in Asia Pacific. The investment is a natural fit; our investment into IOMH gives immediate scale to our on-the-ground capabilities in Australia and will accelerate our ability to deploy capital in this market. Around the world, Oxford is building or investing in world-class businesses with world-class leadership which this transaction provides. We believe we can help grow IOM’s fund management business through our access to capital and deep relationships with global institutional investors. It also furthers our relationship with ICPF, which are already a co-owner on a number of OIPP assets and one of the best performing Australian office funds," David Matheson, Oxford Properties Head of Asia Pacific.
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