CELEX: 32021M10307
Language: en
Date: 2021-08-23 00:00:00
Title: Commission Decision of 23/08/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10307 - OXFORD PROPERTIES / M7 REAL ESTATE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 23.08.2021
                                                                 C(2021) 6303 final
                                                                                 PUBLIC VERSION
                                                                 Oxford Properties Management (UK)
                                                                 Limited
                                                                 The Leadenhall Building
                                                                 122 Leadenhall Street
                                                                 EC3V 4AB London
                                                                 United Kingdom
Subject:        Case M.10307 – OXFORD PROPERTIES / M7 REAL ESTATE
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                (EC) No 139/20041 and Article 57 of the Agreement on the European
                Economic Area2
Dear Sir or Madam,
1.      On 29 July 2021, the European Commission received a notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking Oxford Properties Management (UK) Limited (“Oxford Properties”,
        United Kingdom), controlled by Oxford Properties Group (Canada) and belonging to
        the OMERS Group (Canada), acquires within the meaning of Article 3(1)(b) of the
        Merger Regulation sole control over the whole of the undertaking M7 Real Estate Ltd.
        (“M7 Real Estate”, United Kingdom) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
              for Oxford Properties: part of the Oxford Properties Group (Canada) that is
                 active in the ownership, development and managing of real estate assets. The
                 Oxford Properties Group is the real estate arm of OMERS Administration
                 Corporation (Canada), the administrator of the Ontario Municipal Employees
                 Retirement System Primary Pension Plan and trustee of the pension funds,
              for M7 Real Estate: an investment asset manager focussing on the real estate
                 sector.
1       OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on
        the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the
        replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology
        of the TFEU will be used throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 314, 6.8.2021, p. 10-11.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 3. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004.4
4. For the reasons set out in the Notice on a simplified procedure, the European
   Commission has decided not to oppose the notified operation and to declare it
   compatible with the internal market and with the EEA Agreement. This decision is
   adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of
   the EEA Agreement.
                                                  For the Commission
                                                  (Signed)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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