Brookfield has created a single global brand for its $3.5 bn (€2.6 bn) logistics business to be known as IDI Gazeley, part of Brookfield Logistics Properties.
Brookfield has created a single global brand for its $3.5 bn (€2.6 bn) logistics business to be known as IDI Gazeley, part of Brookfield Logistics Properties.
IDI Gazeley is the result of the amalgamation of Brookfield’s key logistics assets – Industrial Developments International (IDI) and UK-based logistics developer Gazeley – under a single brand identity. The New York-listed real estate manager acquired Gazeley in June last year from Economic Zones World (EZW), a subsidiary of Dubai World.
All IDI and Gazeley sites globally will be rebranded IDI Gazeley as part of the initiative.
Gazeley has assets in key strategic locations in the UK, Western Europe and China, while IDI is a leading owner and operator of industrial distribution facilities across North America. IDI is the result of two acquisitions by Brookfield and its institutional partners in December 2012 and August 2013.
IDI Gazeley will collectively own and operate a global industrial property portfolio across nine countries including the US, Canada, the UK, France, Germany, Italy, Spain, Mexico and China. As at 28 May 2014 this included approximately 5.4 million m2 of assets currently under management and occupied industrial warehouse space with prime land sites to develop an additional 6.3 million m2 of distribution facilities. Of this, 1.58 million m2 of development is currently scheduled for 2014.
To date, IDI Gazeley has developed in excess of 21 million m2 of sustainable warehouse space for over 900 customers worldwide.
Since the acquisitions by Brookfield, both IDI and Gazeley have made embarked on a number of initiatives in their respective markets. In the UK, Gazeley has commenced a new 87,000 m2 national distribution centre leased to a major UK supermarket retailer at its flagship development site Magna Park Milton Keynes. It has also commenced a 56,000 m2 national distribution centre for a global toy retailer in Paris, France.
Brookfield is one of the world’s largest owners, operators and investors in real estate around the globe.