The four newly-built Grade A freehold assets, totaling 370,000 square feet, are
located in Harlow, Greater London, and let to low-risk covenants.
The assets have strong ESG performance and are recognised with BREEAM “Very Good” ratings across all four buildings.
The UK continues to see sustained rental growth in the logistics sector with ongoing undersupply and strong occupier demand, and the Harlow portfolio is well-situated, capable of being used for national distribution as well as last mile distribution within Greater London.
The transaction is KKR’s second from its pan-European Core+ Real Estate strategy, following the acquisition of four freehold logistics assets totaling 45,000 square meters in the Netherlands in January.
KKR’s Core+ strategy targets high quality, substantially stabilized assets with long-term value growth potential.
KKR is an active investor in logistics real estate across
Europe and as of Q4 2021, KKR Real Estate owns over 1.6 million square metres
of logistics assets across Spain, Italy, the United Kingdom, France, Ireland,
and the Netherlands.
