Ashurst advises Oxford Properties on sale of 50% stake in Paris portfolio
International law firm Ashurst advised Oxford Properties, the global real estate arm of the OMERS defined benefit pension plan, on the sale of a 49.9% stake in its French portfolio to a fund advised by J.P. Morgan Asset Management for approximately €400 million.
The sale of a non-managing interest in 32 Rue Blanche, 92 Avenue de France and Paris Bastille gives Oxford Properties a strategic investment partner in Paris and releases capital to make further investments.