DTZ Investors (DTZI) has completed the sale of a multi-let industrial and trade counter estate in Kingston upon Thames, southwest London, toMirastar/KKRJV for circa EUR45.5 million (GBP38 million). Fairfield Trade Park, which has a total floor area of 75,376 square feet, was sold by DTZI on behalf of the Plumbing Pension Fund to the JV managed by Mirastar, the leading pan-European developer, investor, and manager of logistics & industrial real estate assets.
The property, which contains six units, is currently fully let to tenants including Royal Mail, Howdens, and Magnet, with two 13,000 units becoming vacant in Q1-Q2 2022, which Mirastar plans to refurbish and bring to the market.
Source: europe-re.com on the 18th of February
https://europe-re.com/mirastar-and-kkr-buy-fairfield-trade-park-for-45-5m-gb/70134