Kennedy Wilson Increases Long-Term Stake in Capital Dock Mixed-Use Campus
2019年6月12日 - 4:00PM
ビジネスワイヤ(英語)
Global real estate investment company Kennedy Wilson (NYSE: KW)
has increased its stake in the Capital Dock mixed-use campus(1), in
Dublin, to 50% from 42.5%. AXA Investment Managers – Real Assets
(“AXA IM – Real Assets”), a global leader in real asset investments
and the leading(2) real estate portfolio and asset manager in
Europe, acting on behalf of clients, simultaneously acquired the
remaining outstanding stakes from the other two investors in the
project, including the adjoining State Street building. Kennedy
Wilson’s share in the State Street building will be maintained at
50% and Kennedy Wilson will continue to act as asset manager for
the entire mixed-use campus.
With water views on three sides and fronting the River Liffey,
Capital Dock is one of the largest, single-phase developments ever
built in Ireland and is creating a new urban quarter in Dublin. The
mixed-use campus includes two newly developed class A office
buildings totaling 216,000 sq ft, the 175,000 sq ft class A State
Street building, the 190-unit Capital Dock Residence, approximately
26,000 sq ft of retail and restaurants and 1.5 acres of public
space, including a park for office occupiers, residents and the
wider community.
The total project saw Kennedy Wilson deliver more than 690,000
sq ft of space at the end of 2018, on time and on budget, and has
attracted some of the biggest names in tech and finance, prior to
completion of development. This included the European headquarters
for J.P. Morgan and Indeed, which committed to occupy all the
available office space, alongside the existing headquarters of
State Street, in the adjacent building to the development. The team
has also made good progress in leasing the 190 multifamily units,
extending Kennedy Wilson’s top standard of services and amenities
to the Dublin rental market. The project will also welcome new
retailers in the coming year, including a flagship restaurant and
bar with a terrace, a gourmet grocer and additional artisanal food
and beverage offerings.
Peter Collins, President of Kennedy Wilson Europe, said:
“Capital Dock is a cornerstone development in Kennedy Wilson’s
portfolio and demonstrates our long-term commitment to Dublin and
our determination to play our part in bringing much-needed
commercial and residential accommodation to the Docklands. We are
therefore delighted to extend our relationship with AXA IM – Real
Assets, an experienced global portfolio and asset manager, to such
an important urban quarter for Dublin.”
Dublin’s PRS and office markets remain supported by Ireland’s
position as one of the fastest growing economies in Europe. With
unemployment at the lowest rate in over a decade, Ireland continues
to see strong net immigration with office take-up tracking 75%
above its 10-year average. Dublin’s PRS market is underpinned by
strong demand for city-center apartments and increasing demand by
residents for a premium level of resident amenities and
services.
(1)
Excluding J.P. Morgan’s owner-occupied
office, sold to J.P. Morgan in May 2017
(2) Source: INREV/ANREV Fund Manager Survey – May 2018 – in terms
of assets under management
About Kennedy Wilson
Kennedy Wilson (NYSE:KW) is a global real estate investment
company. We own, operate, and invest in real estate both on our own
and through our investment management platform. We focus on
multifamily and office properties located in the Western U.S., UK,
and Ireland. For further information on Kennedy Wilson, please
visit: www.kennedywilson.com.
Special Note Regarding Forward-Looking StatementsStatements in
this press release that are not historical facts are
“forward-looking statements” within the meaning of U.S. federal
securities laws. These forward-looking statements are estimates
that reflect our management’s current expectations, are based on
assumptions that may prove to be inaccurate and involve known and
unknown risks. Accordingly, our actual results or performance may
differ materially and adversely from the results or performance
expressed or implied by these forward-looking statements, including
for reasons that are beyond our control. Accordingly, you should
not unduly rely on these statements, which speak only as of the
date of this press release. We assume no duty to update the
forward-looking statements, except as may be required by law.
KW-IR
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190612005231/en/
InvestorsDaven Bhavsar, CFAVice President of Investor
Relations+1 (310) 887-3431dbhavsar@kennedywilson.com
European MediaFTI ConsultingDido Laurimore / Eve
Kirmatzis+44 20 3727 1000kennedywilson@fticonsulting.com
U.S. MediaEmily HeidtDirector of Public Relations+1 (310)
887-3499eheidt@kennedywilson.com
Kennedy Wilson (NYSE:KW)
過去 株価チャート
から 6 2024 まで 7 2024
Kennedy Wilson (NYSE:KW)
過去 株価チャート
から 7 2023 まで 7 2024