KKR and its European logistics platform Mirastar have acquired a 47,000sqm asset in Germany in a sale and leaseback deal with a subsidiary of container logistics company AP Moller – Maersk.
The asset in Duisburg Harbour, built in 2023, has been acquired through KKR’s European core-plus real estate strategy and will be managed by Mirastar.
Financial details were undisclosed.
Jan Baumgart, managing director and head of real estate Germany at KKR, said: “We are pleased to grow our logistics portfolio in Germany and complete another excellent acquisition with Mirastar for our core-plus strategy.
“Logistics is one of our highest conviction themes and we remain focused on investing in strategically situated properties that connect leading tenants to the growing demand within Europe’s major population centres.”
Ekaterina Avdonina, CEO and co-founder at Mirastar, said: “This transaction is another example of the powerful combination of Mirastar’s deep expertise acquiring and owning logistics properties with KKR’s scale, local presence and access to capital.
“We believe our strategic partnership is well positioned as a buyer of choice across top European logistics markets and we are continuing to build on our strategy of acquiring and owning best-in-class facilities that meet the evolving needs of occupiers across the continent.”
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