KKR Mirastar have announced the sale of three distribution centres in the Netherlands to Prologis, also known as the Tristar portfolio. The properties are located in the prime logistics locations Bleiswijk, Roosendaal and Hoofddorp (Schiphol), in the Netherlands and cover a total of 127,000 square meters of rentable floor area. Built with a strong environmental focus, these modern facilities are accredited BREEAM Excellent and Very Good, featuring LED lighting, solar panels, and EV charging points.
Bleiswijk DC3
Built in 2021, this facility covers 48,498 square meters, is already 100% occupied and rated BREEAM Very Good. This acquisition further expands Prologis’ presence in the Rotterdam market and underscores the company’s ability to continue to offer new logistics solutions in core locations across Europe.
Roosendaal DC2 and DC3
Prologis adds these two newly built (2021) properties to its portfolio in the extended gateway market of Roosendaal, in the south of the Netherlands, which links inland Europe to the coast. Fully leased, Roosendaal DC2 (33,317 square meters) and DC3 (10,168 square meters) are certified BREEAM Excellent and significantly expand Prologis’ presence in the heart of one of Europe’s busiest logistics corridors.
Schiphol DC5, Amsterdam
The Amsterdam portfolio will be complemented with the recently built (2022) Schiphol DC5 facility, which is certified BREEAM Excellent. With its location next to Schiphol airport, an international hub for logistics and distribution, the 34,509 square metre warehouse is already leased for 50%.
Ekaterina Avdonina, CEO and cofounder of Mirastar, said: “Since launching our first JV with KKR over two years ago, we have assembled a portfolio of high-quality development projects and standing assets across Europe. These assets are situated in established logistics locations and are meeting the high demand for space including excellent ESG credentials. The sale of the Tristar portfolio is the first one since the launch of the JV and we look forward to working with KRR on continuing to assemble high quality developments and standing assets.”
Sander Breugelmans, Senior Vice President Prologis: “These acquisitions highlight our focus on creating logistics hubs in the core European markets that our customers need to be in. We are excited to add these four buildings to our portfolio and continue to serve our customer growth needs with strategically located and highly sustainable properties in the Netherlands.”
Marcus de Minckwitz, Head of Industrial & Logistics, Savills EMEA, comments, “The sale of Project Tristar presented a rare opportunity for investors to acquire an exceptionally located, ultra prime logistics portfolio, with very strong ESG credentials. Given changing market dynamics since the turn of the year, for us to then achieve a record yield really was an excellent result.”
Douglas van Oers, Co-Head Logistics & Industrial at Savills in the Netherlands, adds: “Vacancy figures have never been as low in the Netherlands as a whole. All the new logistics stock that has been developed in the past two years was taken up immediately, as was the case with this ultra-prime logistics portfolio. Savills is pleased to have been able to assist Mirastar on the sale of these three newly-built assets.”