Longtime industrial player GID has launched an investment platform with global real estate investor Ivanhoé Cambridge, with an eye toward acquiring industrial assets across growth markets in the US.

GID Industrial will be led by Rene Circ and Mike Wenaas and will focus on acquiring, developing, and managing infill industrial product in locations near dense residential and employment regions. The company's combined portfolio stands at 19 million square feet in 15 markets across the country, GID said in a statement announcing the launch.

"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," says Mario Morroni, EVP of Industrial, North America at 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 US and continue to create value for our stakeholders in this highly competitive environment going forward."