The West Midlands Interchange has been taken on as a long-term development project by new owners Oxford Properties Group and Logistics Capital Partners.
Established in 1960, Oxford is a leading global real estate investor, asset manager and business builder. Creating smart, sustainable and healthy communities, its purpose is to deliver economic and social value through real estate, reflecting what matters most for Oxford, its customers, partners and the public. In the UK, Oxford works across the logistics, office, retail, residential and life sciences sectors, building, buying and growing successful operating businesses.
Oxford and its portfolio companies manage nearly £40.5 billion of assets across four continents and eight sectors, on behalf of investment partners. Oxford is owned by OMERS, a Canadian defined benefit pension plan for Ontario's municipal employees.
LCP is a top ranked pan-European logistics development and asset management platform, with ofﬁces and projects in 7 countries, including Italy, The Netherlands, Belgium, France, UK, Luxembourg, and Spain.
The group has a strong reputation in build-to-suit projects on behalf of corporate occupiers, with key clients including the likes of Amazon, Kering, and XPO. Currently, LCP has a planned construction pipeline of 19 million sq ft, totalling approximately £2 billion of value, and additionally manages a further 1 million sqm (10 million sq ft) of income producing logistics assets totalling a further £900 million of AUM, all managed on behalf of a range of global institutional capital partners.
Oxford and LCP will jointly develop the WMI, with LCP acting as development manager for the multi-year scheme, to deliver a technologically advanced and environmentally sustainable logistics hub that meets the increasing requirements of occupiers, benefitting the local, regional and national community over the next decade and beyond.