KKR-Mirastar acquires a further asset in Barcelona

The logistics asset, located in Sant Esteve, Barcelona, has a total lettable area of 9,100 sqm. 

London/Madrid/Barcelona, 06 July, 2022. Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, has acquired from a private investor a logistics asset located in Sant Esteve, Barcelona with a total surface area of 9,098 square metres.

This asset is added to the platform’s existing portfolio of six investments, a mixture of standing acquisitions and turnkey projects.

Alfonso Cuesta, Country Manager for Iberia at Mirastar, said: “This acquisition strengthens our position in the key sub-market of Barcelona. Mirastar will continue its ambitious investment program in Spain working to secure a strong pipeline of both investment and development opportunities.”

Diederik Schol, Principal in EMEA Real Estate at KKR, said: “This transaction is part of the latest wave of successful acquisitions in Spain, which we aim to continue as we grow our logistics portfolio across Europe.”

Mirastar was advised by CBRE, Garrigues, Savills Aguirre Newman and Nova Ambiente on the commercial, legal, technical and environmental aspects, respectively.

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Mirastar

Mirastar is a specialist pan-European developer, investor and manager of big box logistics co-founded in 2019 by Ekaterina Avdonina, Chief Executive Officer, and Anthony Butler, Chief Investment Officer. Mirastar has a high-quality portfolio of assets/development projects across UK, Netherlands, Spain and Italy with an exit GDV in excess of €2.5B. Mirastar comprises a team of over 40 senior real estate professionals with over 250 years of total experience and has offices in London, Madrid, Amsterdam and Milan.