KKR-backed firm has been in acquisition mode in the UK.

• What Mirastar buying vacant London logistics asset
• Why Unit in Barking being sold off by M&G for over £35m
• What next 100,000 sq ft building will be refurbished

Mirastar Real Estate is on the verge of acquiring a logistics asset in London for over £35m, React News can reveal, in a move which will further boost its growing platform.

The pan-European logistics investor, developer and asset manager has agreed terms with M&G Real Estate to buy a warehouse in Barking.

The 100,000 sq ft unit was a former distribution hub for clothing retailer Moss Bros. React News understands Mirastar plans to refurbish the asset, before beginning a letting campaign later this year.

The KKR-backed Mirastar has been in acquisition mode this year, already completing a flurry of deals that added £260m to the firm’s platform.

Those six deals included a mix of standing assets and development projects.

To continue reading this article, please visit https://greenstreetnews.com/article/mirastar-picks-ups-35m-london-asset-for-expanding-platform/

This article first appeared on Green Street News on 25th May 2021 and was written by Chris Borland and David Hatcher.