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Kennedy Wilson Europe Real Estate : KWE – acquisition

Kennedy Wilson Europe Real Estate has announced that it has bought three tranches of debt in a securitised property vehicle – the Fordgate Jupiter portfolio. The portfolio comprises 21 properties in England and Scotland and includes office, car showroom, leisure, retail and distribution properties.

Kennedy Wilson Europe Real Estate bought the debt, which has a face value of £119m, at a discount. They say that £258m of other borrowings rank ahead of them in the structure.

Kennedy Wilson Europe Real Estate, headed by William McMorrow (pictured), already has investments in 2.6m sq ft of other UK property.

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