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Brookfield Property Partners LP To Acquire Industrial and Logistics Property Company


Wednesday, 7 Aug 2013 07:00am EDT 

Brookfield Property Partners LP announced that it has reached an agreement to acquire Industrial Developments International Inc. (IDI) from the U.S. subsidiary of Kajima Corporation in a $1.1 billion transaction that will create one of North America's industrial property companies. Brookfield Property Partners will own an approximate 25% interest in IDI with the balance owned by Brookfield's institutional partners. 

Company Quote

23.79
-0.04 -0.17%
11:58am EDT