KKR-backed Mirastar completed the acquisition of 4 logistics assets of Stoford and TPG Capital for $209m.

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.