LONDON—Global real estate investment and services firm Kennedy Wilson says its Europe Real Estate plc, has acquired three portfolios in London and Ireland and a stand-along Dublin property for a total consideration of approximately $1.16 billion (£685M). The price including approximately $342 million (£202M) of assumed non-recourse debt.
The deal includes the Fordgate Jupiter Portfolio in the UK, the Central Park and Opera property portfolios in Ireland and the Liffey Trust Building in Dublin.
“The successful completion of these significant acquisitions represents excellent progress towards our goal of building a large-scale and diverse portfolio, with numerous active asset management and value-add opportunities,” said Mary Ricks, president and CEO of Kennedy Wilson Europe. “We are pleased with the high quality of assets that now comprise our investment portfolio and the timing of our acquisitions at this point in the property cycle.”
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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.
