KKR Steps Into Euro Real Estate With Portfolio Buy

Law360, New York (June 6, 2013, 7:18 PM EDT) -- KKR & Co. LP on Thursday announced the acquisition of a 430,000-square-foot British shopping portfolio from Resolution Properties, striking its first European property deal a year after poaching a Goldman Sachs real estate guru to help run its efforts.

Financial terms of the deal were not disclosed, though Property Week, a U.K. commercial real estate publication, pegged it around £115 million ($179 million). The investment came from several of KKR's money pools, including KKR Financial Holdings, its publicly traded special finance company.

KKR said it has...
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