KKR Acquires 49% Stake in Alexandria Real Estate Equities' San Diego Life Science Campus for $475 Million
KKR & Co. (KKR) has reached an agreement to acquire a 49% noncontrolling equity interest in 'Campus Point,' a massive life science megacampus owned by Alexandria Real Estate Equities (ARE). The transaction is valued at approximately $475 million. Located in San Diego, California, the Campus Point facility spans nearly 2 million square feet and serves as a critical hub for biotechnology research. The campus hosts high-profile tenants, including pharmaceutical giant Novartis, highlighting its strategic importance within the life sciences sector.