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KKR and Mirastar agree to develop a prime logistics building in Widnes
Transactions - JANUARY 22, 2024

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KKR and Mirastar agree to develop a prime logistics building in Widnes

by Released

KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have entered into a forward-funding agreement to speculatively develop a prime logistics building (known as XDock) in Widnes, England. This off-market acquisition marks the fourth development deal for KKR and Mirastar with Marshall CDP, a market-leading developer specializing in the logistics, industrial and commercial sectors. The development will be financed by a loan made by CBRE Lending on behalf of Greater Manchester Property Venture Fund and Merseyside Pension Fund.

The 550,000-square-foot XDock building will be developed to a best-in-class specification, targeting a BREEAM Excellent certification and EPC A rating, and will benefit from double-sided loading. The property is strategically located for both regional and national distribution with immediate access to the national motorway network via the M62, M57, M6 and M56 motorways. Situated in the Liverpool Freeport Zone, XDock benefits f

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