IDI Gazeley Sells Entire Mexican Industrial Portfolio

ATLANTA, December 17, 2014 – IDI Gazeley, a leading global investor and developer of logistics warehouses and distribution parks, announced today that it has sold its entire Mexi-can industrial portfolio. The $302 million transaction included the sale of 35 properties in ma-jor Mexican markets, as well as 395 acres of land for future development. The properties represent holdings acquired through the 2013 purchase of Verde Industrial.

"The sale of our Mexican Verde industrial portfolio represented an opportunity to harvest meaningful gains on an investment that was made in 2012,” said Jay Cornforth, Managing Partner, Global Head of Industrial at Brookfield Property Group and CEO of IDI Gazeley North America.

Bryan Blasingame, Chief Investment Officer for IDI Gazeley North America added, “The emergence of the FIBRAs and increased demand from other institutional and local investors for industrial real estate coupled with improved market fundamentals has had an increasingly positive impact on industrial real estate values in Mexico, and we decided to seize on this opportunity to sell our Mexico portfolio.  As we move into 2015, we will continue focusing our efforts on growing our company in North America through inventory and build-to-suit devel-opment and value-added acquisitions.”

IDI Gazeley sold the 5.7 million square foot portfolio to FINSA, headed by Sergio Argüelles González, and Walton Street Mexico through Development Capital Certificates or “CKD.” Jones Lang LaSalle, Weil, Gotshal & Manges and DLA Piper represented IDI Gazeley in the deal.

For further information please contact:

IDI Gazeley
Andria Kriss
404-479-1675
andria.kriss@brookfieldlogistics.com

Jackson Spalding for IDI Gazeley
Matt Scofield
404-214-3554
mscofield@jacksonspalding.com

About IDI Gazeley
IDI Gazeley (Brookfield Logistics Properties) is one of the world’s leading investors and de-velopers of logistics warehouses and distribution parks with 60 million square feet of premier assets under management and additional prime land sites to develop another 63 million square feet of distribution facilities near major markets and transport routes in North America, Europe and China. As part of Brookfield Property Partners, we belong to one of the world’s largest and most sophisticated owners, operators and investors in real estate.

For more information, please visit www.brookfieldlogisticsproperties.com.

About Brookfield
Brookfield Property Partners is a leading owner, operator, and investor in best-in-class commercial real estate around the globe. Our diversified portfolio includes in-terests in over 300 office and retail properties encompassing 250 million square feet, 23,000 multi-family units, 48 million square feet of industrial space, and a 100 million square foot development pipeline. Our assets are largely located in North America, Europe, and Australia but also include a growing presence in China, Brazil and India.

For more information, please visit www.brookfieldpropertypartners.com.

 

Media Inquiry

North America
Reed Barrickman
+1.404.479.1626
reed.barrickman@idigazeley.com

Europe
Ged Brumby
Smithfield Consultants
+44(0)20 3047 2527
gbrumby@smithfieldgroup.com

Rob Yates
Smithfield Consultants
+44(0)20 3047 2546
ryates@smithfieldgroup.com