European logistics platform Mirastar has secured an additional investment from majority shareholder KKR to support the continued growth of the business.
Following KKR’s latest investment, Mirastar co-founder Anthony Butler will transition his day-to-day role as chief investment officer to a non-executive director. Fellow co-founder Ekaterina Avdonina will continue to lead the firm as chief executive officer.
Since its founding in 2019, Mirastar has acquired over 70 properties and approximately €3bn in assets and developments across six countries, following KKR’s purchase of a majority stake in 2020.
Seb d’Avanzo, head of real estate acquisitions for KKR in Europe, said: “Industrial and logistics has been one of our highest conviction themes in European real estate and our strategic partnership with Mirastar has enabled us to acquire an exceptional portfolio that continues to deliver strong results for our clients.
“Our strategic partnership with Ekaterina and Anthony has been crucial in realising our shared vision and we see bright opportunities ahead for Mirastar under Ekaterina’s continued leadership. Few people combine Anthony’s deep conviction, market insight, and relentless energy.”
Avdonina said: “Co-founding Mirastar with Anthony has been one of the most rewarding experiences of my career. Together with KKR, we have built a platform that has exceeded all our expectations.
“I’ve learned a great deal from Anthony, both professionally and personally, and I’m grateful that he will remain involved as a non-executive director as we look to the future.”
Butler said: “Building, launching, and growing Mirastar alongside Ekaterina into one of Europe’s most respected industrial and logistics platforms has been an incredible journey. I’m proud of what we’ve accomplished together, which is a testament to what’s possible with the right talent, strong strategic partnerships, and the support of an ambitious capital partner like KKR.
“As I look ahead, I remain committed to supporting Mirastar’s continued success and excited about what lies ahead in real estate – especially in global logistics.”
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