NEW YORK CITY — Brookfield Logistics Properties has created a new brand for its $3.5 billion global logistics property platform. The new brand, IDI Gazeley, is a consolidation of Brookfield’s logistic assets — Industrial Development International (IDI) and Gazeley. IDI Gazeley is part of Brookfield Logistics Properties, and all IDI and Gazeley sites will be rebranded as IDI Gazeley. Brookfield and its institutional partners acquired IDI through two transactions in December 2012 and August 2013; additionally, the company acquired Gazeley in June 2013. The new brand will collectively own and operate a global industrial portfolio of approximately 58 million square feet across nine countries: the United States, Canada, United Kingdom, France, Germany, Italy, Spain, Mexico and China. IDI Gazeley also has an additional 68 million square feet of distribution facilities in the pipeline, with 17 million square feet scheduled for 2014.
BROOKFIELD CREATES $3.5 BILLION GLOBAL LOGISTICS PROPERTY PLATFORM
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