KKR today announced the acquisition of two multi-family rental (BtR) buildings from Quintain, the developer and asset manager behind Wembley Park (London), for an undisclosed sum.

Alameda and Beton, to be completed in 2019 and 2020 respectively, comprise 490 BtR units across two buildings and around 40,000 sq. ft. (approx. 3,700 sq. m) of retail and leisure space. The buildings are BREEAM 'Excellent' and WiredScore 'Platinum' rated.

KKR is making this investment through its European Core+ Real Estate strategy, which invests in 'high-quality, substantially stabilized assets with medium-term value growth potential'.

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