DUBLIN, IRELAND–Kennedy Wilson says it has acquired Clancy Quay, a premier residential property in Dublin.
The company and its partner purchased the property for approximately $108 million (€82.5M) on an all cash basis. Kennedy Wilson purchased a 50% interest in the property and expects to place debt financing on the property post-closing.
“With the acquisition of Clancy Quay, our portfolio now includes three of the highest quality multifamily assets in Dublin, including the Alliance Building and Sandford Lodge,” said Mary Ricks, president and CEO of Kennedy Wilson Europe. “We plan to continue growing our portfolio in Ireland and to establish Kennedy Wilson as one of the country's preeminent real estate management companies.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
