Mirastar, a specialist developer, investor and manager of industrial and logistics (I&L) assets in Europe, received an investment from KKR.
M7 Real Estate sold its stake in the company in a deal of unidsclosed amount.
The investment in Mirastar was made through a European real estate fund managed by KKR. The transaction will further expand KKR’s presence in European I&L real estate. To date, KKR and Mirastar have acquired a 49,000 sqm forward funding project in the Netherlands and aim to continue assembling a portfolio of assets and development projects in gateway cities across Western Europe. Mirastar will be the primary platform for I&L real estate transactions in Europe.
Co-founded in 2019 by Ekaterina Avdonina, Chief Executive Officer, and Anthony Butler, Chief Investment Officer, Mirastar is a specialist pan-European developer, investor and manager of big box logistics. Mirastar has a portfolio of assets/development projects across the Netherlands with an exit GDV in excess of €100 million and is currently expanding into the UK and Spain. The firm has a team of 15 senior real estate professionals in offices in London, Madrid and Rotterdam.