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KKR sells industrial properties worth over $560 mln
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +1 min
Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 2 (Reuters) - U.S. private-equity firm KKR (KKR.N) said on Monday it has completed the sale of an industrial property portfolio of 5 million square feet (465,000 square meters) for a total aggregate value of over $560 million. "These sales demonstrate the attractive bid that exists for a quality assets in supply-constrained locations," said Roger Morales, partner and head of real estate acquisitions in the Americas at KKR. The company sold a 14.5 million square feet industry portfolio in 2021 for about $2.2 billion to Oxford Properties Group, a real estate investor based in Canada. Including the recent sale, KKR has sold about 21 million square feet industrial real estate since 2021.
Persons: Brendan McDermid, Roger Morales, Pritam Biswas, Sherry Jacob, Phillips Organizations: KKR, New York Stock Exchange, REUTERS, KKR's Real, Partners, Americas, Oxford Properties Group, Thomson Locations: New York, U.S, KKR's, Atlanta, Dallas, Fort Worth , Chicago, Lehigh Valley, Central Pennsylvania, Canada, Bengaluru
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