KKR, Mirastar acquire 2.7 million-sq-ft UK logistics portfolio from Ares
KKR•Asset quality
BREEAM ratings for the portfolio range from Very Good to Outstanding.
Occupancy and tenant profile
The portfolio is fully occupied, with a weighted average lease term to break of nine years.
About 60% of the rent roll comes from investment-grade tenants or subsidiaries of investment-grade parent companies.
Portfolio acquisition from Ares
KKR, via its Mirastar platform, acquired a 2.7 million-square-foot portfolio of eight UK logistics assets from Ares Real Estate funds.
The assets span established distribution markets across the Midlands, South East and North of England.
