Property-Novaxia-Oxford 1bn partnership for life sciences


PARIS, May 15 (Reuters) – French investment firm Novaxia and Canadian group Oxford Properties plan to jointly invest more than one billion euros by 2024 in real estate infrastructure dedicated to the science sector. life, they announced on Sunday.

The two groups should announce their first acquisitions in the coming weeks, targeting “the development of laboratories and research centers on behalf of biotechnology and medical technology companies”, they specify in a press release.

Their investments will initially be concentrated in le-de-France, which suffers from a shortage of laboratories and sites dedicated to the life sciences, but their project also targets the regions of Lyon and Strasbourg, they add.

Present in the life sciences sector since 2017, Novaxia, which presents itself as a specialist in “urban recycling”, was selected in 2019 as part of the call for tenders launched for the transformation of the historic site of the ‘Htel-Dieu, in the center of Paris, where she is to set up a start-up incubator.

Oxford Properties, for its part, manages a portfolio of approximately 80 billion Canadian dollars (58.4 billion euros) of real estate assets. The company is controlled by OMERS, the Ontario Municipal Employees Pension Fund.

(Written by Marc Angrand, said by Jean-Michel Blot)



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