KKR, Mirastar acquire 2.7 million sq ft UK logistics portfolio 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. 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. BREEAM ratings range from Very Good to Outstanding.