Oxford Properties has announced a transition in its European and Asia Pacific leadership team. Effective October 1, 2020, Paul Brundage, executive vice president, Europe and Asia Pacific, will move to Omers, Oxford’s parent company, to take up the role of deputy chair, Investments.
As a part of the succession plan both Joanne McNamara and David Matheson are promoted to executive vice president, Europe and Asia Pacific and will assume overall responsibility for Oxford’s European and Asia Pacific businesses.
McNamara and Matheson will join the Executive Leadership Team at Oxford and report directly to its president, Michael Turner.
The change marks the next stage of Oxford’s plan to transition regional leadership to align with its global growth strategy. To reflect the growing size and importance of Oxford’s Asia Pacific and European businesses, Brundage’s position has been replaced with two new roles.
Paul Brundage joined Omers’ real estate business in 1998 before joining Oxford following its acquisition by Omers in 2001. Brundage led asset management and operations for Oxford’s Canadian business before being tasked with launching the Company’s European business in 2008 and relocating to London.
Over the past 12 years, he has built a 100-person, £8.2 bn business with teams in London, Paris, Berlin, Luxembourg, Singapore and Sydney.
McNamara joined Oxford from Hammerson in 2010 as one of the first members of its European investment team and was involved in many of Oxford’s early European successes, including the development of the Leadenhall Building, London Wall Place and St James’s Market in partnership with The Crown Estate. She has gone on to hold a series of roles within the Company, most recently leading Oxford’s European investment team and having P&L responsibility for its European portfolio.
Matheson joined Oxford in 2013 from Goldman Sachs to initially lead its European investment team, a remit which grew to include Asia Pacific in 2017. Under his investment leadership, Oxford grew and diversified its London platform, built a £1.4 bn portfolio in Paris, entered Berlin and significantly expanded its strategic partner co-investment business.
Since 2018, he has led Oxford’s push into Asia Pacific, overseeing over £5 bn in transaction activity, including the Investa Office Fund acquisition in Australia and subsequent sell down of £1.5 bn of non-strategic assets. This capital is being recycled into major new development opportunities such as the new Pitt Street metro station overbuild in Sydney. Oxford is also seeking to enter the India market as it seeks to grow its Asia Pacific business up to potentially 25% of its balance sheet in the future.
