KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a high-quality logistics property in Hanover, Lower Saxony.
KKR and Mirastar acquired the logistics property from an Austrian public retail fund managed by Union Investment Real Estate Austria GmbH.
The 49,000-square-meter (527,000-square-foot) asset was developed in 2017 as a modern prime logistics property with strong ESG credentials (achieving DGNB Platinum) and is let to Fiege and Rossmann. The building is located in Hanover, a prime location in Lower Saxony, benefiting from close access to the A7 and A2 highways. The significant transport links make this a strong base for businesses operating along Germany’s main north-south and east-west transport networks. Among other developments, KKR and Mirastar plan to further enhance the property’s ESG credentials by installing solar panels on the roof.
This off-market transaction is KKR and Mirastar’s first industr
