{"id":16968,"date":"2019-09-26T15:15:42","date_gmt":"2019-09-26T19:15:42","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/omers-real-estate-arm-awards-prizes-for-disruption-in-commercial-real-estate-136240"},"modified":"2019-09-26T15:15:42","modified_gmt":"2019-09-26T19:15:42","slug":"omers-real-estate-arm-awards-prizes-for-disruption-in-commercial-real-estate","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/09\/26\/omers-real-estate-arm-awards-prizes-for-disruption-in-commercial-real-estate\/","title":{"rendered":"OMERS\u2019 real estate arm awards prizes for disruption in commercial real estate"},"content":{"rendered":"\n
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Martha Porado <\/span> | September 26, 2019 <\/p>\n

Oxford Properties Group, the real estate investment arm of the Ontario Municipal Employees\u2019 Retirement System, announced the winners of its global Hackathon competition, which awards prizes to innovators for their work to disrupt the design and construction process of commercial real estate.<\/p>\n

As real estate has proven to be an increasingly important asset class for pension plans, delving into new trends in how space is used and how it\u2019s constructed is key to ensuring the group allocates its capital optimally, says Dean Hopkins, chief operations officer at Oxford Properties Group.<\/p>\n

Read: Caisse invests in Chile ports, Ivanho\u00e9 Cambridge launches real estate platform<\/a><\/strong><\/p>\n

\u201cWhen we think about Oxford and trying to figure out where to invest capital in the right buildings, in the right markets, we realized we need to be thoughtful about the direction . . .  in every sector of real estate to make sure we\u2019re staying current,\u201d he says.<\/p>\n

The Hackathon provides 500 entrants with 48 hours to tackle pressing issues in commercial real estate development. Across four global events, the participants were divided into 50 teams, with 12 teams awarded a cash prize.<\/p>\n

\u201cIt\u2019s an industry that for a long time did not change,\u201d says Hopkins. \u201cBut we\u2019re now entering a phase where it is actually starting for the first time to be disrupted or changed by innovators who are realizing it\u2019s a multi-trillion dollar in industry in this world and it is, as yet, undisrupted.\u201d<\/p>\n

Read: Canadian pension funds welcome proposed tax changes on U.S. real estate investments<\/a><\/strong> <\/p>\n

The third annual Hackathon was the first time it was expanded to include cities outside North America.<\/p>\n

\u201cThis is the first time we\u2019ve truly tried to do it globally to reflect the fact that Oxford is a global company in real estate. . . . We realized that innovations happen not just in Silicon Valley, not just in Toronto, they happen everywhere in the world.\u201d<\/p>\n

This article originally appeared on <\/em>Benefits Canada\u2018s companion site, the <\/em>Canadian Investment Review<\/a>.<\/em><\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Martha Porado  | September 26, 2019 Oxford Properties Group, the real estate investment arm of the Ontario Municipal Employees\u2019 Retirement System, announced the winners of its global Hackathon competition, which awards prizes to innovators for their...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16968"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16968"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16968\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}