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Oxford Properties spends €360m on Danish and French portfolios
Oxford Properties Group has acquired two portfolios containing a combined 57 urban logistics and light-industrial assets from funds managed by M7 Real Estate for €360 million ($415 million).
The investment progresses Oxford’s plan to deploy greater capital into higher conviction investment strategies, which includes growing its exposure to global logistics. M7 Real Estate will continue to asset manage the portfolios on behalf of Oxford, as part of Oxford’s strategy to back and build a series of world-class real estate businesses with world class management teams.
The 223,800-square-meter (2.4 million-square-foot) Danish portfolio, comprising 27 urban logistics and light industrial assets, is Oxford’s first acquisition in the Nordic region. By value, 50 percent of the portfolio is located in Greater Copenhagen, with a further 22 percent in Denmark’s Triangle region, an established logistics location that serves all major Danish population centers and the Germ