Thursday, 27 November 2025
Cain has obtained a £350 million refinancing facility from funds and accounts managed by KKR for its UK industrial and logistics portfolio. The financing is structured as a whole loan with a five-year term.
The new facility repays the existing development loan and offers Cain additional flexibility to continue its leasing strategy and manage the portfolio in line with its business plan.
The portfolio consists of 24 units totalling approximately 3.2 million sq ft, located in established logistics markets across the UK. Developed from 2022 onward, the units were built to Grade A specifications, including high clear heights, large service yards and layouts designed for modern industrial occupiers. All assets were delivered on a net-zero carbon basis and include BREEAM Excellent certifications, enhanced energy-performance features and building systems designed to meet future regulatory and operational requirements.
Over the last 12 months, Cain has completed around 1 million sq ft of leasing across the portfolio, reflecting continued demand for high-quality logistics space.
“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, added: “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.”
