Crosstree Buys Into Dark Kitchen Sector With £100M Backing

London-focused private equity investor Crosstree Real Estate has bought into dark kitchen operator Karma Kitchen, as it looks to profit from the rise of food delivery and the growing value of urban logistics assets.

Crosstree has taken a minority stake in Karma Kitchen, React News reported, and will back the company with around £100M to buy sites for dark kitchens, primarily in London, but also in other major UK cities.