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Michael Turner, left, and Daniel Fournier, right. (Courtesy Oxford Properties Group)

Longtime industry executive Daniel Fournier has been appointed as the new president of Oxford Properties Group, succeeding Michael Turner after his five-year tenure. This announcement was made by OMERS, the pension plan's real estate arm responsible for overseeing global assets worth over $82 billion.

"For over 13 years, five as president, Michael has dedicated himself to our outstanding global real estate success story," says Blake Hutcheson, president and CEO of OMERS.

Under Turner's leadership, Oxford has experienced significant growth, diversifying its business and expanding into new markets and sectors. Turner will continue to be involved with Oxford, focusing on the company's U.S.-specific strategies.

Daniel Fournier is an experienced and well-known real estate leader with over 40 years of experience in the industry.

Daniel Fournier: An Experienced Real Estate Veteran

Daniel Fournier brings with him over 40 years of experience in the real estate industry. Prior to this role, he served as chairman and CEO of Ivanhoé Cambridge, a global real estate subsidiary of Caisse de dépôt et placement du Québec (CDPQ). During his tenure, Ivanhoé Cambridge grew into one of the world's largest institutional investors.

"We are delighted to welcome Daniel Fournier to the Oxford team. Mr. Fournier’s extensive experience, track record of success, and in-depth knowledge of global real estate investing will be an invaluable asset to Oxford as we enter this next phase of growth across the globe," says Hutcheson.

Fournier's retirement has seen him serve on several boards and advisory boards of Quebec-based companies, including Claridge, Groupe Maurice, Simons, and BTB REIT. He is thrilled to join Oxford and work alongside their talented team to continue growing their iconic portfolio of assets and platforms worldwide.

About Oxford Properties Group and OMERS

Oxford Properties Group is a global real estate investor, asset manager, and business builder. Established in 1960, Oxford and its portfolio companies currently manage approximately $82 billion CAD worth of assets across four continents. From office spaces to logistics, retail, multiresidential properties, life sciences, hotels, and more, Oxford invests in a diverse range of real estate ventures.

OMERS, founded in 1962, is one of Canada's largest defined benefit pension plans with $121 billion in net assets as of Dec. 31. It is a jointly sponsored pension plan with over 1,000 participating employers and more than half a million active, deferred, and retired members. OMERS operates globally, managing investments in public markets, private equity, infrastructure, and real estate.

With Daniel Fournier leading the way, Oxford Properties Group is well-positioned to embark on a new phase of growth, leveraging its industry expertise and expanding its global real estate success story.