KKR and its European logistics platform Mirastar have completed the £170 million acquisition of four UK industrial assets from developer PLP. The 1.25 million square foot portfolio includes properties in Stafford, Crewe, Ellesmere Port and Wakefield. The fully let developments feature rooftop solar panels, high environmental credentials and a weighted average lease term of 10 years to break.
The global investment firm H.I.G. Capital has launched Highground Living, a €1 billion German residential property platform based in Berlin. The business consolidates the firm's current regional assets alongside a new €450 million acquisition in Leipzig and Dresden. The platform targets long term sector growth driven by widespread structural housing shortages and resilient tenant demand.
Galvanize Real Estate has entered the Massachusetts market by acquiring the 360,000-square-foot Liberty Logistics Portfolio in Greater Boston. The three-building purchase expands the firm's US footprint to 3.2 million square feet. The company plans to modernise and decarbonise the assets through solar power, electrification and battery storage, aiming to reduce onsite emissions by 104%.
Commercial property specialist Transwestern has finalised the acquisition of Forte Real Estate Partners to grow its corporate footprint in the US Midwest. The corporate takeover brings 12 specialist tenant advisors into Transwestern's regional office in Minneapolis, alongside a commercial property portfolio spanning nearly 1 million square feet. Forte has overseen more than $885 million in transactions since its formation five years ago.
A joint venture led by global real estate specialist Kennedy Wilson has purchased the Carraway housing development in Westchester County for $237 million. The 421-unit Class A residential site in West Harrison was bought alongside Japanese partners Kenedix and Hulic. Situated 25 miles north of Manhattan, the complex features a mix of flats, structured parking and ground-floor retail units.
Bridgepoint has agreed to buy US investment platform Kayne Anderson Real Estate for an upfront enterprise value of $1.393 billion. The deal adds real estate as a fifth investment vertical for the mid-market investor, expanding its total assets under management to approximately $117 billion. The transaction is expected to close at the end of 2026, subject to regulatory approvals.
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