KKR Invests in 400 Summer Street Joint Venture in Boston Seaport - Seite 2

“We are very pleased to welcome KKR as a strategic partner on 400 Summer Street,” said Jeremy Sclar, Chairman and CEO of WS Development. “For decades, KKR has been one of the most innovative investment organizations in the world, and we couldn’t be more excited about their investment in 400 Summer Street in the Seaport, a neighborhood that is home to some of the most forward-thinking and progressive employers, residents and retailers in the world.”

"The Seaport District has become a tremendous ecosystem for innovation and growth. 400 Summer Street, once completed, will further underpin the area’s commitment to the life science cluster,” said Carole Guerin, Managing Director, Head of Americas, Real Estate Investments, PSP Investments. “PSP Investments is proud to again partner with KKR, as well as to continue our relationship with WS Developments as we work together to nurture and support what is now a global hub of innovation and creative economy.”

Daniel Rudin, Managing Director at KKR, said, “WS Development’s master plan project is helping position the Seaport as a destination of choice for top talent and employers. We are excited to support this endeavor by investing alongside WS and PSP Investments in 400 Summer Street, a property of exceptional quality designed to meet the needs of an elite biotechnology company and developed with a strong focus on public space and sustainability. This is a great addition to our portfolio as we continue to grow our presence in the Boston market and the life sciences sector more generally. The ability to work with PSP Investments and WS, a best-in-class group we have followed for some time is a great outcome.”

KKR is making the investment through its core plus real estate strategy. Since launching a dedicated real estate platform in 2011, KKR has grown real estate assets under management to approximately $32 billion across the U.S., Europe and Asia as of June 30, 2021. KKR’s global real estate team consists of approximately 130 dedicated investment professionals, spanning both the equity and credit business, across twelve offices and nine countries.

Newmark’s Boston-based Capital Markets Group represented WS Development and PSP Investments on the transaction.

About KKR

KKR is a leading global investment firm that offers alternative asset management and 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 The 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 and on Twitter @KKR_Co.