KKR Real Estate’s European logistics platform Mirastar has acquired two off-market logistics assets located in Origgio (Milan) and Settimo Torinese (Turin) with a total surface area of c. 41,400 square metres.
These deals are part of the joint venture’s last mile and infill aggregation strategy across Europe focussing on best in class locations with strong occupier demand.
Daniele Calogiuri, Country Manager for Italy at Mirastar, said: “These buildings are located in two of the most important Italian logistic markets, Milan and Turin, and are fully let to strong covenants with high reversionary potential. Mirastar is also currently active in some important development projects as part of executing its ambitious investment and development program across Italy.”
Diederik Schol, Principal in EMEA Real Estate at KKR, said: “We are glad to add these good quality, well-located Italian assets to our European logistics portfolio at attractive pricing, and aim to continue expanding our portfolio across Italy.”