KKR has formed a logistics partnership with Round Hill Capital and Pulsar Properties.
The joint venture, PULSAR IBERIA LOGISITCS, focuses on acquiring 400,000 square meters (4.3 million square feet). The venture acquired a seed portfolio, containing four logistics platforms in different locations (Barcelona and Madrid) with a total area of more than 94,000 square meters (1 million square feet).
The joint venture purchased four well-located purpose-built Spanish logistics warehouse developments in Madrid (3) and Barcelona (1). The joint venture continues to seek further logistics investments across select areas of Spain and southern Europe as part of the expansion of its Southern European Logistics platform.
“We are delighted to have acquired these four high-quality Spanish logistics warehouse developments, our joint venture’s first investments in Spain’s logistics sector, a market which is continuing to exhibit attractive investment fundamentals and strong
