This transaction is KKR’s first via its pan-European Core Plus Real Estate strategy, which focuses on investing in high quality, substantially stabilised assets with long-term value growth potential.

The four assets are located in Eindhoven and Wijchen, strategic locations that comprise the South Netherlands’ primary logistics distribution corridor between Rotterdam and the German border. Both cities are attractively sited for logistics assets, with strong industrial sub-markets benefiting from multi-modal transportation close to major transport routes in the Netherlands. Mirastar will manage the assets.

Ian Williamson, Managing Director and Head of Core Plus Real Estate in Europe at KKR, said: “KKR’s Core Plus platform in Europe was launched to meet long-term investor demand for high quality assets in structurally growing areas of the real estate sector. These logistics assets are an excellent fit with our strategy and we expect logistics to remain a core thematic focus for KKR in Europe through our Core Plus platform. The assets have strong ESG credentials and our business plan includes transitioning them to the highest level by supporting de-carbonisation in-line with the Paris Climate Agreement.”

Diederik Schol, Principal in KKR’s European Real Estate team, added: “We are excited to continue growing our industrial portfolio in one of Europe’s top distribution markets with this high-quality portfolio. We believe these assets benefit from strong levels of occupier demand and a structural under-supply, driving long-term value appreciation. The Netherlands continues to be a key market for us across both Core Plus and Value-Add, particularly in the industrial and residential sectors.”

KKR is an active investor in logistics real estate across Europe and has a strong track record of investing across real estate sectors in the Netherlands. In 2018, KKR acquired two major student housing developments in Groningen and Utrecht, exiting the investment last year, and continues to actively seek investment opportunities in the Netherlands across all sectors. The KKR-Mirastar platform currently manages approximately 150,000 square meters of prime logistics assets in the Netherlands, which were acquired and developed in 2021 in Bleiswijk, Schiphol and Roosendaal.

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Media Enquiries

KKR: EMEA
Alastair Elwen / Sophia Johnston
Finsbury Glover Hering
+44 20 7251 3801
KKR_LON@finsbury.com

KKR: Netherlands
Corina Holla
Meines Holla
+31 6 12 75 40 36
corinaholla@meinesholla.nl

Notes to Editors

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.