KKR-backed investor snares latest development project.

• What Mirastar has agreed a funding deal with Premcor and Peveril Securities
• Why To build out a 285,000 sq ft industrial project at Sheffield Business Park
• What next Completion of the scheme is due next March

Mirastar has struck a deal to fund a speculative industrial project at Sheffield Business Park, React News can reveal.

The KKR-backed specialist asset manager has agreed to finance the development of Catalyst, a 285,000 sq ft project devised by developers Premcor and Peveril Securities.

Catalyst will consist of five units ranging from 22,354 to 108,237 sq ft. Work on site has begun with practical completion in March next year.

The developers will target an EPC A rating and a minimum BREEAM rating of Very Good. The project sits within the city’s Advanced Manufacturing Innovation District and fronts onto Sheffield Parkway.

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This article first appeared in Green Street News on 27th April 2022 and was written by David Hatcher.