KKR and its European logistics platform Mirastar have acquired a 2.7m sqft portfolio of eight fully occupied UK logistics assets from Ares Real Estate for an undisclosed sum.
The portfolio comprises modern distribution assets across established logistics markets in the Midlands, South East and North of England, including Corby, Doncaster, Stoke-on-Trent and Milton Keynes.
Ekaterina Avdonina, CEO and co-founder at Mirastar, said: “This portfolio broadens Mirastar’s presence across several important UK logistics markets, adding a high-quality group of assets to our growing European platform.
“We see clear opportunities to apply Mirastar’s operating capabilities across the portfolio to drive long-term value creation.”
Mai-Lan de Marcilly, co-head of European real estate equity at KKR, said: “We continue to see strong fundamentals in UK logistics, underpinned by resilient occupier demand and constrained supply in key markets.
“With its combination of durable income and meaningful growth potential, this portfolio represents the type of opportunity KKR’s diversified pools of capital are well positioned to pursue.”
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