Announced
Completed
Financials
Sources
Tags
real estae
Private Equity
Friendly
real estate
Real Estate
Completed
Real Estate Holding and Development
United Kingdom
Private
logistics assets
Cross Border
Acquisition
Majority
Synopsis
KKR-backed Mirastar, a specialist pan-European developer, investor and manager of logistics and industrial real estate assets, completed the acquisition of 4 logistics assets of Stoford, a property specialist company, and TPG Capital, a private equity firm, for $209m. "We're delighted to announce our first UK acquisition for KKR’s Core+ strategy for Real Estate. High-quality logistics assets are one of the main investment themes for our Core+ strategy in Europe and this marks the second successful transaction in just three months since the platform was launched last year. The combination of protection on the downside and optionality on the upside is compelling," Ian Williamson, KKR Managing Director.
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