Brief: Kennedy Wilson and APG form €2 billion joint venture focusing on Irish property market
BRIEF-Kennedy Wilson and APG form €2 billion joint venture focusing on Irish property market June 4 (Reuters) - Kennedy-Wilson Holdings Inc KW.N/APG:
Property investment company Kennedy Wilson KW.N announces the formation of a new residential joint venture with APG, on behalf of, amongst others, Dutch pension fund ABP - one of the world's largest pension investors - to create a €2 billion ($2.3 billion) residential development and asset management platform.
The venture will encompass more than 3,400 private rented homes across both operating and development assets, further strengthening Kennedy Wilson's position as the leader in residential real estate in the Irish market.
"This joint venture marks a significant milestone for Kennedy Wilson in Ireland and represents a compelling opportunity to partner with one of the world's largest pension funds to deliver much-needed private rental homes at scale," said John Keegan, Head of Capital Formation, EMEA at Kennedy Wilson, in a statement.
($1 = 0.8614 euros)
Further company coverage: KW.N
(Reporting by Sudip Kar-Gupta)
((sudip.kargupta@thomsonreuters.com;))
Recent news on Kennedy-Wilson Holdings
See all newsBrief: Kennedy Wilson Announces Expiration And Results Of Fundamental Change Offer For Any And All Of Its Outstanding 5.000% Senior Notes Due 2031
First Advantage jumps on S&P SmallCap addition
Brief: Kennedy Wilson and APG form €2 billion joint venture focusing on Irish property market
Brief: Kennedy Wilson Announces Pricing Of $1.8 Billion Senior Notes Offering
Brief: Kennedy Wilson Announces $1.8 Billion Senior Notes Offering