(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)
NEW YORK CITY-Furthering the company's expansion into Ireland, Beverly Hills, CA-based Kennedy Wilson and the European commercial real estate group at Deutsche Bank AG have finalized an acquisition for an Irish loan portfolio with an unpaid principal balance of $449 million, according to a statement from KW.
While both Deutsche and Kennedy Wilson declined to comment further to GlobeSt.com about the deal, Kennedy Wilson said in a statement that the properties are predominately commercial real estate assets across a mixture of asset classes, with the majority located in Dublin. In addition, consensual workouts are in progress in respect of a majority of the assets.
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