Brookfield, an alternative asset management company, and Logistik Service, a business group specialized in the development of industrial and logistics areas, agreed to form a joint venture to invest in the logistics market of the Iberian Peninsula. Financial terms were not disclosed. Brookfield will be the majority investment shareholder of the joint venture, while Logistik Service brings its extensive experience in the sector and will manage the portfolio. The initial portfolio will include various projects under construction located in key areas, comprising approximately 600k m².