Brookfield Property Buys Gazeley from Dubai World Subsidiary
Brookfield Property Partners LP (BPY), the recently spun-out commercial real estate platform of Toronto-based Brookfield Asset Management, has joined with its institutional partners to acquire U.K.-based EZW Gazeley Ltd., a developer of logistics warehouses and distribution parks. The seller in the undisclosed deal was Economic Zones World, part of the state-owned Dubai World. BPY will take an approximate 30% stake in the company.
12 June 2013•5 mins read
