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Kennedy Wilson Europe Real Estate : KWE – acquisitions

Kennedy Wilson Europe Real Estate is buying a portfolio of residential and commercial properties (the Central Park portfolio) in Sandyford, Dublin for €88m and another portfolio (the Opera portfolio) of seven offices and six retail properties – mostly in Dublin but with one asset in Cork for €391m.

The Central park portfolio comprises 272 residential units and 31,000 sq. ft. of commercial space plus planning for an additional 166 residential units, 14,800 sq. ft. of commercial space and 362 car parking spaces.

The Opera portfolio has 670,000 sq. ft. of space let to the likes of Bank of Ireland and Tesco.

The vendor is an affiliate of the manager and so the transaction needs to be approved by shareholders.

 

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