Kennedy Wilson Europe : KWE – acquisition

Kennedy Wilson Europe is buying a portfolio of debt secured against 13 real estate assets, comprising primarily offices, industrial, retail and residential properties. The cost to KWE is €75m. The largest three assets in this group are: The Times Building (pictured), a 67,000 sq ft, Grade A office building in Dublin City Centre let to the Irish Aviation Authority, a semi-state body of the Irish Government; Herberton, a multi-family housing asset in Dublin 8 situated near St James’s Hospital, comprising over 150 apartments located across three blocks, which are currently 100% let; and Lakeland Retail Park, a 83,052 sq ft bulky goods retail park on the outskirts of Cavan Town, comprising six retail units and a drive through restaurant. The retail park is currently c. 91% let to a range of established tenants including Halfords, Heatons and Toymaster.

Kennedy Wilson Europe has also announced the purchase of Marshes Shopping Centre, Dundalk. The centre was built in 2005, 93% let with 39 retail units and a food court. The purchase price is €44.5m.


Leave a Reply

Your email address will not be published. Required fields are marked *