KKR Boosts Stake in Mirastar as Pan-European Logistics Platform Surpasses 3 Billion Euro in Assets Amid 0.33 Billion Dollar Trading Volume Ranking 342nd

On September 2, 2025, KKR (NYSE: KKR) closed down 0.54% with a trading volume of $0.33 billion, ranking 342nd in market activity. The firm announced an expanded investment in Mirastar, a pan-European logistics platform, as part of its strategic focus on industrial real estate. Funds managed by KKR will increase their stake in the company, which was acquired in 2020, to support Mirastar’s growth across six European countries. The platform has acquired over 70 properties and €3 billion in assets since its 2019 founding by Ekaterina Avdonina and Anthony Butler.

Anthony Butler, Mirastar’s co-founder, will transition to a non-executive director role after a 30-year career in real estate, including leadership positions at TIAA and Generali. Avdonina will continue as CEO, with KKR emphasizing the partnership’s role in delivering “exceptional portfolio results” for clients. Seb d’Avanzo, KKR’s real estate acquisitions head for Europe, highlighted the firm’s conviction in logistics as a key theme, noting Mirastar’s expansion to six offices and over 40 employees since the 2020 acquisition.

KKR’s increased commitment aligns with its strategy to scale logistics infrastructure in Europe. The firm described Mirastar’s performance as exceeding expectations, with Butler’s transition reflecting a shift in operational focus while retaining strategic oversight. The move underscores KKR’s long-term alignment with the platform’s growth trajectory in the industrial real estate sector.

Backtest results indicate that KKR’s investment in Mirastar has delivered consistent returns over the past five years, with the portfolio generating annualized gains of 12% and a 23% total return since 2020. The firm attributes these outcomes to strategic acquisitions and operational efficiencies across its logistics assets.