Kennedy Wilson Europe Real Estate plc, the European subsidiary
of Beverly Hills, CA-based
Kennedy Wilson Holdings, Inc.
), has acquired high quality property portfolios worth GBP 685
million ($1.2 billion) in the U.K. and Ireland. The acquisition is
in line with Kennedy Wilson Europe's strategy of building a
large-scale and varied portfolio, with ample active asset
Notably, in Feb, 2014, Kennedy Wilson Europe completed its GBP 1.0
billion initial public offering (IPO) on the London Stock Exchange
(LSE) with the intention of using the proceeds to purchase European
properties. Since the public floatation, the company has made
acquisitions totaling around GBP 1.1 billion. This includes the
recent acquisitions of Fordgate Jupiter Portfolio in the U.K.,
Liffey Trust Building in Dublin and the Central Park and Opera
property portfolios in Ireland.
Kennedy Wilson is a vertically integrated international real estate
investment management company with operations spreading across the
U.S., the U.K., Ireland, Spain and Japan. In recent times, the
company is trying to expand its European foothold through Kennedy
Wilson Europe. Starting from the flotation of the IPO to the latest
acquisition, all its efforts are aimed at augmenting the European
Currently, Kennedy Wilson carries a Zacks Rank #3 (Hold). Some
better-ranked real estate operations industry stocks include
CBRE Group, Inc.
Henderson Land Development Co. Ltd.
). All these stocks hold a Zacks Rank #2 (Buy).
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