Noerr advises IDI Gazeley on the acquisition of its European division acquisition by Global Logistic Properties

Noerr has advised IDI Gazeley on the acquisition of its European division Gazeley by the Singaporean warehouse operator Global Logistic Properties (GLP). GLP acquired Gazeley for USD 2.4 billion from the portfolio of the Canadian real estate investor Brookfield Asset Management.

Gazeley, the European division of global logistics company IDI Gazeley, is a leading investor and developer of logistics warehouses and distribution parks with a 33 million square foot portfolio concentrated in Europe’s key logistics markets, namely the UK, Germany, France and the Netherlands.

Noerr advised IDI Gazeley on the legal aspects of the transaction in Germany and Hungary. The lead advisor from Noerr was partner Astrid Frense.

Advisors to IDI Gazeley: Noerr LLP

Dr Astrid Frense (lead, Berlin), Dr Zoltán Nádasdy (Budapest, both Real Estate)

Associates: Phil Patrick Beetz, Elfi Lüdecke, Hanna Pirlich (all Real Estate Berlin)

International lead: Mayer Brown