KKR increases investment in Mirastar, CIO steps down

Global investment firm KKR is increasing its investment in Mirastar, a successful European industrial and logistics platform, after a five-year partnership.

Anthony Butler

Since its founding, Mirastar, in collaboration with KKR, has acquired over 70 properties and approximately €3 billion in assets and developments across six countries, establishing six European offices and employing more than 40 people.
KKR's increased investment, following its majority stake purchase in 2020, will further support Mirastar's growth as KKR's primary platform for acquiring and managing logistics properties across Europe.
Mirastar, co-founded in 2019 by Ekaterina Avdonina and Anthony Butler, will continue to be led by Avdonina as CEO.
Anthony Butler, a co-founder of Mirastar, is stepping down from his CIO role to become a non-executive director. He was instrumental in building the firm into a prominent European logistics platform. Butler brings over 30 years of real estate experience, including senior roles at TIAA, Generali, MGPA, DWS, and Delin, with diverse experience as an investor, developer, and operating partner.
Seb d’Avanzo, head of Real Estate Acquisitions for KKR in Europe, said: “Industrial and logistics has been one of our highest conviction themes in European real estate, and our strategic partnership with Mirastar has enabled us to acquire an exceptional portfolio that continues to deliver strong results for our clients. Our strategic partnership with Ekaterina and Anthony has been crucial in realizing our shared vision, and we see bright opportunities ahead for Mirastar under Ekaterina’s continued leadership.”
Anthony Butler, co-founder & CIO at Mirastar, commented: “Building, launching, and growing Mirastar alongside Ekaterina into one of Europe’s most respected industrial and logistics platforms has been an incredible journey. I’m proud of what we’ve accomplished together, which is a testament to what’s possible with the right talent, strong strategic partnerships, and the support of an ambitious capital partner like KKR. As I look ahead, I remain committed to supporting Mirastar’s continued success and excited about what lies ahead in real estate – especially in global logistics.”
Ekaterina Avdonina, co-founder & CEO at Mirastar, added: “Co-founding Mirastar with Anthony has been one of the most rewarding experiences of my career. Together with KKR, we have built a platform that has exceeded all our expectations. I’ve learned a great deal from Anthony, both professionally and personally, and I’m grateful that he will remain involved as a non-executive director as we look to the future.”