GID forms $2b industrial platform with Ivanhoé Cambridge
GID and Ivanhoé Cambridge have created GID Industrial, which will focus on acquiring, developing and managing infill industrial product in locations near dense residential and employment nodes in close proximity to the end customer.
“GID Industrial, with strong shared corporate values as well as a proven and seasoned management team, will complement our existing IDI Logistics big-box build-to-core strategy,” said Mario Morroni, executive vice president, industrial, North America of Ivanhoé Cambridge. “Our partnership with GID is perfectly aligned with Ivanhoé Cambridge’s investment strategy and positions us to accelerate the execution of our urban infill light-industrial strategy in the U.S. and continue to create value for our stakeholders in this highly competitive environment going forward.”
The combined portfolio stands at 19 million square feet in 15 markets across the country.
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