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KKR European real estate investment

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2026-09-16 09:52 UTC → 2026-10-09 22:13 UTC · added ~~removed~~

KKR has entered into an agreement to acquire a 49% stake in a pan-European real estate portfolio owned by Realty Income. The 528 million euro investment ~~will be~~ is structured through a joint venture, with Realty Income retaining a 51% majority stake and managing the ~~assets.~~ assets via its European operating platform. The portfolio includes 54 properties and 140 units across Spain, Ireland, Poland, and the Netherlands, covering sectors such as food, transport, home improvement, home furnishings, and automotive components. The assets are tied to net lease contracts, with 59% of the total base rent derived from investment-grade tenants. The portfolio carries an initial effective yield of 5.9% after management fees, with an estimated annual cash net operating income of 67.7 million euros for the first year and a weighted average remaining lease term of 7.2 years. The deal is was expected to close by September 30, ~~2026.~~ 2026, subject to customary closing conditions.

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