Oxford Properties Group makes first investment in Philadelphia

Ensemble/Mosaic and Oxford Properties Group have entered into a strategic partnership that will, over time, own and develop up to 3 million square feet of life science properties at the Navy Yard in Philadelphia.

The agreement includes Oxford’s investment in five existing life science assets owned by Ensemble Real Estate Investments, and Ensemble/Mosaic’s first two planned life science properties. In addition, Oxford will look to partner in all future life science projects on sites controlled by Ensemble/Mosaic at the Navy Yard.

This is Oxford’s first investment in Philadelphia and further expands the firm’s extensive life science portfolio, which includes more than $2 billion of investment activity in North America in the past year. Oxford has now grown its North American life science business to 10 strategic markets from coast to coast.

“Building a dedicated life science business of scale remains one of our highest-conviction global investment strate