(CercleFinance.com) – KKR announces that Mirastar, the industrial and logistics platform of KKR Real Estate in Europe, has acquired four British logistics assets, located in Harlow, for an amount of 160 million pounds sterling from TPG, a asset management. The four assets total nearly 113,000 m2.
“The UK continues to experience strong rental growth in the logistics sector, with insufficient supply and strong demand. Harlow’s portfolio is well located and can be used for country distribution as well as last mile distribution in Greater London.
KKR Real Estate has over 1.6 million square meters of logistics assets in Spain, Italy, UK, France, Ireland and the Netherlands.
Diederik Schol, a lead within KKR’s European Real Estate team, said: ‘The portfolio we have acquired contains well-located, high-quality assets with strong ESG credentials, and serves a structurally challenged sector. growth where there is a permanent imbalance between supply and demand.’
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