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KKR-backed Mirastar in for €100m+ Dutch duo

Mirastar has acquired two logistics assets in the Netherlands with a combined end value of “significantly in excess” of €100m, React News can reveal.

The developer and asset manager is being backed by private equity group KKR, with which it is planning to deploy over €3bn into the European logistics sector, having amassed €400m of assets thus far.

It has acquired a 377,000 sq ft distribution facility project in Schiphol Trade Park from Minerva and a further 463,000 sq ft scheme, made up of two buildings, in Roodendaal from Victorem Investments and BVR Groep. Both projects will complete in the fourth quarter of next year and are currently largely unlet.

The Schipol asset, located close to the airport, is expected to achieve a BREEAM Excellent rating and will have glass facades over the motorway and underground car parking.

The Roosendaal scheme, which will target a BREEAM Very Good rating, is being developed by Victorem and delivered by BVR.

Written by David Hatcher

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