Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, announced the completion of a new lease to an e-commerce retailer at BULK250, Weston Avenue, West Thurrock (UK). The site is comprised of a 250,000 sq ft logistics warehouse strategically located between junctions 30/31 of the M25 and the A13.
The transaction represents the largest logistics letting on the M25 in almost five years.
Acquisition and key works
Mirastar acquired the asset in March 2021, represented by JLL, DTRE and Glenny.
Since acquisition, Mirastar have delivered an extensive refurbishment programme, repositioning the building to meet logistics standards whilst enhancing sustainability credentials.
Key works included the installation of a 200kWp rooftop solar array, extensive EV charging infrastructure, a full office refurbishment with new LED lighting and energy-efficient HVAC systems, and significant external yard enhancements providing excellent HGV, trailer storage and parking flexibility.
Comments
Robert Brophy, head of asset management at Mirastar, said: “We are delighted to have completed this letting at BULK250. This transaction is a strong validation of our business plan — acquiring strategically located assets, delivering high-quality, sustainable refurbishments, and attracting world-class occupiers.
“West Thurrock continues to be one of the most supply-constrained logistics markets in the UK, and we are proud to deliver a building that meets both the operational needs of the occupier and our own ambitious ESG standards.”
Image: Rightmove
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