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Aerial view of warehouse facilities Swindon Distribution Park, one of the UK assets in the Gazeley portfolio.

LONDON—Industrial giant Global Logistics Properties, soon to be taken private by an investor consortium, is making its entry into the European market with the US$2.8-billion acquisition of Gazeley from Brookfield. The acquisition has the support of Nesta Investment Holdings Ltd., the group which this past July agreed to pay US$2.46 per share for GLP.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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