Cain Secures £350m Refinancing of Prime Logistics Portfolio from KKR
London, 25 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 additional flexibility for Cain to continue executing its leasing program and managing the portfolio in accordance with its business objectives.
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 completed c. 1 million sq ft of leasing activity. While market conditions may change, we have observed accelerating demand for prime Grade A logistics 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. 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.”