Goldman Sachs partners new M7-backed European logistics platform

A newly launched logistics platform backed by M7 Real Estate has partnered with Goldman Sachs to invest in Europe.

Mirastar – a joint venture between co-founders Ekaterina Avdonina, CEO and Anthony Butler, CIO and M7 –  will source and target to acquire a sizeable portfolio of big-box logistics developments and investments in partnership with Goldman Sachs.

Prior to establishing Mirastar, Avdonina co-founded Delin Capital Asset Management (DCAM) in 2011. Butler was CIO of DCAM.

M7 said Mirastar and Goldman Sachs will target both development opportunities as well as existing assets with some asset management opportunity, mostly in core Western European markets.

Richard Croft, CEO of M7 Real Estate, said: “Big box logistics is an area of the market we’ve been looking to increase our exposure to, building on our leading position in European industrial and urban logistics and utilising our network of 13 offices across Europe.”

Avdonina, said: “The mandate we have been awarded by Goldman Sachs is a strong endorsement at the very outset of our journey with Mirastar.

“We look forward to growing the platform and building a best in class specialist in big box logistics assets, utilising the on-the-ground capabilities that our partnership with M7 provides.”

Butler, said: “We believe that there remains a significant opportunity in the growth of e-commerce on the Continent, which is behind the UK in its uptake and which is a structural trend that is positively underpinning occupier and investor demand for big box logistics assets.

“With a proven track record in deploying big box strategies and the strong synergies we have with M7’s platform, we are confident that we can deliver value for clients looking to enter or increase their allocation to this sub-sector.”

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