Global investment firm KKR is investing in two logistics development project in the Netherlands via its partnership with Mirastar.

The partnership has invested an undisclosed amount to buy the 35,000sqm distribution facility in Schiphol Trade Park from Minerva and has bought a 43,000sqm project in Roodendaal, made up of two buildings, from Victorem and BVR Groep. The projects are due to complete in the fourth quarter of next year.

In April, KKR acquired a strategic stake in Mirastar from M7. At the time, KKR said Mirastar will be the primary platform for industrial and logistics real estate transactions in Europe for KKR, which over the last 24 months acquired assets across France, the Netherlands, Italy, Spain, and Ireland.

Mirastar was established in 2019 as a joint venture between co-founders Ekaterina Avdonina, CEO and Anthony Butler, CIO and M7. The plan is to deploy over €3bn in the European logistics sector having secured over €400m of assets and developments to date.

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