KKR to acquire a stake in Mirastar from M7 Real Estate.

KKR agreed to acquire a stake in Mirastar, a specialist developer, investor and manager of industrial and logistics assets in Europe, from M7 Real Estate, a multi-let real estate asset manager. Financial terms were not disclosed. "Logistics real estate continues to be an attractive market for KKR, despite the challenges of the current market environment, with strong investment fundamentals and future growth drivers. We look forward to building on our existing relationship with Mirastar to leverage these trends, investing in the continued supply of high-quality assets to meet the growing tenant demand evident across Europe and further building KKR's footprint in European logistics," Guillaume Cassou, KKR Partner and Head of European Real Estate.