Brookfield Acquires Controlling Stake in Dubai GII’s Logistics Real Estate Platform
Canadian investment giant Brookfield Asset Management has announced plans to expand into the logistics real estate sector.
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Brookfield will look to leverage its extensive expertise and capital to scale up GII’s existing portfolio of assets.
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With over $5 billion already invested in the Middle East market, Brookfield is no stranger to the region.
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It owns and operates several major commercial properties in key markets like Dubai, including the iconic ICD Brookfield Place business hub.
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The acquisition comes at an opportune time as Dubai has aggressively pushed its ambitions to become the preeminent logistics and trade center in the Middle East and North Africa region.
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Dubai is now the busiest port in the MENA region with a massive capacity to handle millions of shipping containers annually.
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