Brookfield replicates successful platform building model to capitalize on the strong demand for warehouse space from blue-chip companies
Brookfield, through its European logistics business, continues to significantly expand its platform of high-quality specialized logistics assets. This year the platform will have a gross leasable area (GLA) of 43 million square foot, as Brookfield focuses on further building its logistics footprint in its core markets, including Germany, France, the Netherlands, Poland, Spain, Sweden and the United Kingdom.
Brookfield’s 2024 growth strategy focuses on leveraging its reputation as a reliable global partner for blue-chip clients and continuing to deliver state-of-the-art warehousing in response to increasing local demand. With the traditional landlord-tenant dynamics shifting, the future will trend towards more flexible, bespoke solutions. These changes are being driven by several factors, including the shift from global to nearshoring, the consolidation of supply chains, the scaling of e-commerce supply chains post-pandemic, and the need for more sustainable operations such as decarbonized logistics for warehousing.
Brookfield has signed 4.3 million square foot of notable leases with blue-chip customers over the past twelve months, with the first quarter of 2024 accounting for over 3.2 million square foot of activity. These leases highlight Brookfield’s strength in the market as an investor-developer managing the full process from land sourcing and building development, through to flexible leasing and proactive property management. Dan Benhamou, Senior Vice President at Brookfield, said, “We’re not just delivering warehousing solutions; we are working with our tenants to implement their supply chain infrastructure. Our approach across the full logistics life-cycle, with in house development skills and operating capabilities, enables us to build leading platforms, for example Castignac, which is continuing to push boundaries that help our customers unlock more international growth opportunities.”
For more information, please visit the website at www.brookfield.com
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