Los Angeles Business Journal

Kennedy Wilson Affiliate Closes $1.2 Billion European Deal

By Andrew Edwards Monday, June 30, 2014

A European affiliate of Beverly Hills real estate investment and services firm Kennedy Wilson has closed $1.2 billion worth of deals for properties in the United Kingdom.

Kennedy Wilson Europe Real Estate’s recently-completed acquisitions include properties in England, Ireland and Scotland. The purchases represent a significant proportion of the $1.7 billion worth acquisitions that Kennedy Wilson Europe Real Estate has made since its February initial public offering.

Kennedy Wilson announced the closings on Friday. The firm is the investment manager for Kennedy Wilson Europe Real Estate and owns about 13 percent of the latte company’s shares. Kennedy Wilson Europe Real Estate shares trade on the London Stock Exchange.