DUBLIN-International firm Kennedy Wilson and its partner have completed the purchase of a mixed portfolio of 14 properties for $406 million (€306M). The company and its partner each contributed about $80 million (€60M) of equity in the transaction, and Bank of Ireland provided approximately $264M (€199M) in financing.
“This portfolio is one of the highest quality portfolios to trade in Ireland in the current cycle, with an excellent spread of core income assets and some unique, well located, value-add asset management opportunities,” said Mary Ricks, president and CEO of Kennedy Wilson Europe.
“This transaction represents a further commitment on the part of Kennedy Wilson to the Irish market,” added Peter Collins, managing director of Kennedy Wilson Europe. “The portfolio includes many first class assets with a strong tenant roster, including Bank of Ireland, KPMG, Marks & Spencer and Mason Hayes & Curran”
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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.
