CORRECTED-BRIEF-Brookfield Property Partners to buy real estate co for $1.1 bln

Wed Aug 7, 2013 7:57am EDT
 
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(Corrects deal value to $1.1 billion from C$1.1 billion in headline and bullets)

Aug 7 (Reuters) - Aug 7 (Reuters) - Brookfield Property Partners LP : * Brookfield to acquire leading industrial and logistics property company * Says deal valued at $1.1 billion * Says to acquire Industrial Developments International Inc. (IDI) from the U.S. subsidiary of Kajima Corporation * Says Brookfield Property Partners will own an approximate 25% interest in IDI * Says transaction is expected to close in the fourth quarter of 2013 * Source text for Eikon * Further company coverage