London, 26 November 2025 – Cain has secured a £350 million refinancing from funds and accounts managed by KKR for a prime UK Industrial & Logistics portfolio, representing a significant transaction in the sector this year. The transaction is structured as a whole loan over a five-year term.
The new facility fully redeems the existing development loan and provides extended flexibility for Cain to finalise its leasing program and continue enhancing the portfolio’s performance.
The portfolio comprises 24 units totalling approximately 3.2 million sq ft in prime logistics locations across the UK. Development of the portfolio commenced in 2022 to best-in-class Grade A specifications, the units feature high eaves, generous yards, and layouts optimised for modern industrial use and business growth with excellent access to national road infrastructure. The entire portfolio has been delivered on a net-zero carbon basis, with all assets demonstrating strong sustainability credentials, including BREEAM Excellent certifications, enhanced energy performance, and future-proofed building systems.
Over the past 12 months, the portfolio has shown strong leasing momentum totalling c. 1 million sq ft, reflecting the accelerating demand for prime Grade A space in the UK.
“This refinancing with KKR reflects the strength and quality of our logistics portfolio and the positive shift we are seeing across occupational markets,” said Tim Brazier, Senior Vice President at Cain “The transaction comes at a time when enquiry levels are increasing meaningfully in our key regions, particularly for highly specified and energy-efficient industrial space, which this portfolio delivers. The flexibility provided by this facility allows us to capture that momentum, complete lease-up, and continue driving long-term performance across the assets. We were able to agree the financing directly with KKR without running a broader market process given the strength of our relationship as well as our confidence in their execution capabilities.”
Ali Imraan, Head of European Real Estate Credit at KKR, said: “We are pleased to support Cain on the refinancing of this prime portfolio of well-located, high-quality industrial real estate assets. This significant transaction reflects our confidence in the long-term fundamentals of the sector and our commitment to providing tailored financing solutions to leading sponsors.”
For further information, please contact:
SEC Newgate UK
Polly Warrack / Marta Seitz
+44 (0) 7808541191
cain@secnewgate.co.uk
About Cain
Cain is an investment-management firm that shapes the value of places, brands and businesses through strategies spanning landmark developments, residential and hospitality, supply-chain infrastructure, and sports & entertainment. Established by Chief Executive Officer Jonathan Goldstein in partnership with Eldridge Industries, the firm manages approximately $13.8 billion in assets under management with investments spanning more than 20 major cities and real-estate markets worldwide as of 30 June 2025. The firm operates from offices in London, New York, Miami, Los Angeles and Luxembourg, supported by a broad network of global partners. For more information, please visit www.cainint.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
