KKR-Mirastar swoops for 737,000 sq ft Omega asset

Mountpark Warrington Omega II, home to Amazon and Gousto, has been traded to the global investor by the scheme’s developer.

Private equity giant KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have completed the acquisition of the project, which was completed in 2021.

KKR and Mirastar were advised by CBRE (commercial and ESG), Clifford Chance, Savills, Nova-Ambiente on environmental advice, Arcadis, and Deloite (tax and financial).

Mountpark was advised on the disposal by JLL.

Mountpark Warrington Omega II encompasses three logistics assets which benefit from EV charging points, solar panels and electricity batery storage. The buildings have BREEAM Excellent certification plus EPC A ratings.

The property is located at the gateway of logistics hotspot Omega, with access to the development’s 35-acre ‘green heart’ woodland.

Ekaterina Avdonina, chief executive and co-founder at Mirastar, said: “This asset adds to the impressive portfolio of best-in-class assets acquired to date. The North West market has been one of the best performers in the UK over the past few years and we believe it will continue to do so for best-in-class logistics and distribution assets.”

Tom Kilmister, senior development director at Mountpark (UK and Ireland), said: “We are delighted to conclude this transaction with the teams at KKR and Mirastar and would like to wish them all the best in realising their strategy.

“Mountpark Warrington Omega II has been a successful long-term project for our team. The calibre and efficiencies of these properties were swiftly recognised by the market with all units successfully let before practical completion. Mountpark looks forward to announcing new development projects over the coming year.”

The park has been acquired through KKR’s European Core+ real estate strategy, which focuses on investing in high quality, substantially stabilised assets with medium-term value growth potential.