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Kennedy Wilson reports that in conjunction with Ricks' appointment, Peter Collins has assumed the role of president of Kennedy Wilson Europe, which is headquartered in London, and will report to Ricks.
For its first deal in the US, the company partnered with other equity providers to buy 100,000 square feet of office space in Manhattan's Gucci building.
"We believe the acquisition provides diversity and attractive risk adjusted value for our investors and we anticipate continuing to pursue actively investment opportunities in the London market.”
The business partnership represents the coming together of two well-respected Cayman Islands real estate companies, known for developing innovative, sustainable and design-focused residential properties.
“Mainfreight's decision to take industrial space at 50 Cable Drive is a testament to northern New Jersey's extensive transportation network, population density and educated workforce,” says CBRE's William Waxman.