NEW YORK CITY—Brookfield said Wednesday it hadrebranded its global logistics property platformas IDI Gazeley, combining the names of theindustrial developers it acquired in separate deals that werefinalized in 2013. The combined brand owns and operates 58 millionsquare feet valued at $3.5 billion across North America, Europe andChina.

Part of Brookfield Logistics Properties, IDIGazeley will benefit from “scale, experience and the backing of astrong parent,” says Ric Clark, CEO of BrookfieldProperty Group. “We intend to grow the platform rapidly byleveraging global customer relationships, pursuing attractiveopportunities in key markets and developing our premier land bank.”That land bank will enable the company to develop up to 68 millionadditional square feet of distribution facilities worldwide,including 17 million square feet due to come on line this year.

Jay Cornforth, hired last year as global headof industrial for Brookfield Property Group, calls the rebranding “a natural evolution of our emerging logistics business,” onethat will create synergies between IDI and Gazeley. “This move willbe particularly helpful to our customers around the world who willbenefit from a greater choice of assets and locations globally,accessible through a single point of contact. Our collectiveplatforms allow us to provide an improved service offering to ourexisting client base, which includes many of the world's leadingbrands and most successful companies, as well as potential newclients who are looking for a truly global proposition tailored totheir specific needs.”