Gazeley
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Gazeley is part of Economic Zones World which operates under the Dubai World Group. [1]
In June 2013 "Dubai World, the state-linked group whose $25bn of debt brought the emirate to the brink of financial collapse in 2009, has sold one of its UK assets as part of its efforts to repay creditors. A unit of Toronto-based investment company Brookfield Asset Management has bought logistics warehouse developer Gazeley from Dubai World subsidiary Economic Zones World (EZW... Dubai World bought Gazeley from Wal-Mart Stores in 2008 for an estimated 300-400 million pounds ($459-$611m). A fall in asset prices since then means the sale to Brookfield may have occurred at a lower price." [2]
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Resources and articles
Related Sourcewatch
- Magna Park, Lutterworth
- John Duggan - former chair
References
- ↑ Gazeley Our Group, organizational web page, accessed September 27, 2012.
- ↑ arabianbusiness Dubai World unit sells UK asset Gazeley, organizational web page, accessed June 20, 2013.
