The pan-European logistics investor, developer and asset manager building major platform after raft of value-add buys.

• What Mirastar has lined up another three UK deals
• Why KKR-backed investor active in the value-add and development space
• What next Firm aims to build a European portfolio of up to €4bn

Mirastar is pushing forward with around £90m of logistics deals and fundings as the KKR-backed investor continues to be one of the most active in Europe’s value-add space, React News can reveal.

The pan-European logistics investor, developer and asset manager has finalised two UK deals and is progressing a third to supplement its expanding value-add platform, sources told React News.

Mirastar has secured a 100,000 sq ft warehouse let to DHL in Enfield with the price said to be north of £40m. It was sold by DTZ Investors.

Located on Crown Road, there is a relatively short lease in place with the global delivery firm, potentially offering a refurbishment play or opportunity to regear the tenant.

A 50,000 sq ft facility let to Yodel on Watkins Close in Basildon has been purchased from BMO Real Estate for £10m-plus.

Mirastar is also believed to be in the front seat to forward fund a logistics development in Sheffield. The 260,000 sq ft asset, to be built on a speculative basis, is in Tinsley and sources say the funding will likely be circa £35m.

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This article first appeared in Green Street News on 23rd Septmeber 2021 and was written by Chris Borland.