Brookfield's IDI Gazeley buys European logistics warehouse assets
IDI Gazeley, a.k.a. Brookfield Logistic Properties, has acquired three class-A logistics warehouse assets in Europe totaling 1,000,000 square feet (97,400 square metres). The financial terms of the transaction were not disclosed. The portfolio of assets are located in Germany, France and Italy. The U.K.-based IDI Gazeley was last year purchased by commercial real estate platform Brookfield Property Partners, an affiliate of Toronto-based Brookfield Asset Management, from a unit of state-owned Dubai World.
9 October 2014•2 mins read
