KKR’s European industrial and logistics real estate platform has added five assets to its Spanish portfolio.

KKR’s Mirastar, which made its Spanish debut last month, has secured five additional logistics assets in Madrid and Barcelona comprising a mixture of standing acquisitions and turnkey projects with a total surface area of 53,000sqm.

Amos Chia, investments director at Mirastar, said the latest acquisitions complement the first transaction the firm signed recently which involved the acquisition of a 10,000sqm turnkey project in Ripollet, Barcelona.

“Mirastar will continue our significant investment program in Spain focusing on key sub-markets and owning and developing assets with strong ESG credentials,” Chia said.

Diederik Schol, principal in EMEA real estate at KKR, said: “The transactions are the latest wave of successful acquisitions in Spain which continues our investment into quality logistics assets across Europe.

“These assets are strategically located and we feel confident of growing the platform rapidly in Spain over the coming 12-18 months.”

To read the latest edition of the latest IPE Real Assets magazine click here.

Topics