Omega asset purchased from Mountpark.

• What KKR and Mirastar have completed a deal for Mountpark’s Warrington Omega II
• Why Asset is a best-in-class distribution hub in one of the UK’s busiest logistics markets
• What next Buildings have leases in place with Amazon and Gousto

KKR and Mirastar have completed their acquisition of Mountpark’s Warrington Omega II, a best-in-class 737,000 sq ft logistics hub in the North West, React News can reveal.

KKR and Mirastar are understood to have paid around £100m for the asset, which includes three logistics buildings let to Amazon and Gousto, in a deal first revealed by React News in December last year.

Strategically located at the gateway to Omega, considered one of the North West’s premier logistics locations, the buildings benefit from BREEAM Excellent and EPC A ratings, electric vehicle charging points, solar panels and electricity battery storage.

Amazon leases around 425,000 sq ft across two units at Mountpark Omega, while meal delivery firm Gousto operates from the other unit.

The park has been acquired through KKR’s European Core+ real estate strategy, which focuses on investing in high quality, substantially stabilised assets with medium-term value growth potential.

KKR and Mirastar were advised by CBRE, with JLL advising Mountpark.

The deal is KKR and Mirastar’s second significant acquisition in the North West so far this year. In January, React News revealed the pair had agreed a forward-funding deal for XDock, a 550,000 sq ft logistics scheme in Liverpool.

Ekaterina Avdonina, chief executive and co-founder of Mirastar, said: “This asset adds to the impressive portfolio of best-in-class assets acquired to date. The North West market has been one of the best performers in the UK over the past few years, and we believe it will continue to do so for best-in-class logistics and distribution assets.”

To continue reading this article please visit https://greenstreetnews.com/article/kkr-and-mirastar-seal-100m-deal-for-warrington-logistics-hub/

This article first appeared in Green Street News on 12th March 2024 and was written by Charlie Schouten and Chris Borland.