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| Richard Clark |
NEW YORK, NY – Brookfield, one of the world’s largest
owners, operators and investors in best-in-class real estate around the globe,
has today announced the creation of a new brand for its $3.5 billion global
logistics property platform.
The companies, to be
known as IDI Gazeley, part of Brookfield Logistics Properties, form the
consolidated branding of Brookfield’s key logistics assets – Industrial
Developments International (“IDI”) and Gazeley – under a single brand identity.
These are two of the world’s best-known and most successful
developers of sustainable logistics warehouses and distribution parks. All IDI and Gazeley sites globally will be
rebranded IDI Gazeley as part of the initiative.
Ric Clark, Chief Executive Officer of the Brookfield
Property Group commented: “We are very excited by the tremendous opportunities
that the launch of the global IDI Gazeley brand will bring across our
industrial portfolios for our investment partners and our customers.
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| Jay Cornforth |
"The collective brand will have scale, experience and the
backing of a strong parent.
"We intend to grow the platform rapidly by
leveraging global customer relationships, pursuing attractive opportunities in
key markets and developing our premier land bank.”
Jay Cornforth, Global Head of Industrial for the
Brookfield Property Group also commented: “This is a natural evolution of our
emerging logistics business and will create synergies between these two
best-in-class organizations.”
For a complete copy of the company’s news release, please
contact:
Brookfield Property Group
Melissa Coley, VP, Investor Relations and Communications
(212) 417-7215;
UK
IDI Gazeley
Nick Brown, UK Press Office
+44(0)207 9014455 or +44(0)7590 076105; nick.brown@gazeley.com
Smithfield on behalf of Brookfield Property Group
Ged Brumby, Director
+44(0)207 9030674;
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