Kennedy Wilson and GIC Enter Into ~$1 Billion Urban Logistics Joint Venture
2020年12月18日 - 5:00PM
ビジネスワイヤ(英語)
Global real estate investment company Kennedy Wilson (NYSE:KW)
and GIC, Singapore’s sovereign wealth fund, have entered into a
joint venture (“the Joint Venture”) to acquire and manage
urban logistics properties in the UK, with the potential to expand
into Ireland and Spain.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201218005052/en/
Kennedy Wilson and GIC Urban Logistics
Joint Venture (Photo: Business Wire)
The Joint Venture will be seeded with a $220 million portfolio
comprising 18 urban logistics assets in prime locations in the UK.
The assets are currently wholly owned by Kennedy Wilson. The Joint
Venture will seek additional last-mile urban distribution center
investment opportunities, targeting total assets of up to $1
billion.
Kennedy Wilson will be responsible for the sourcing, acquisition
and management of the assets. Kennedy Wilson will have a 20%
ownership and GIC will have an 80% ownership in the Joint
Venture.
Mary Ricks, President of Kennedy Wilson, said, “We have
witnessed the rapid growth of urban logistics properties driven by
strong demand from businesses looking to grow their distribution
networks with limited supply of space across major cities in our
target markets. Over the last five years, we have significantly
grown our footprint in this asset class. We are thrilled to partner
with a preeminent global long-term investor like GIC to further
capitalize on the exciting opportunities in this sector and to
build out a premier urban logistics portfolio.”
Lee Kok Sun, Chief Investment Officer of Real Estate, GIC,
said, “The logistics sector continues to be a long-term area of
focus for GIC. We believe the urban logistics sub-market will
benefit from positive fundamentals, due to increasing occupier
demand driven by accelerating e-commerce adoption and changing
supply chain management strategies. The Joint Venture’s focused
strategy, with the management of a skilled partner such as Kennedy
Wilson, is well-placed to capitalise on these trends and generate
resilient returns in the long run. This partnership is part of
GIC’s broader strategy to invest in this sector.”
About Kennedy Wilson
Kennedy Wilson (NYSE:KW) is a leading global real estate
investment company. We own, operate, and invest in real estate
through our balance sheet and through our investment management
platform. We focus on multifamily and office properties located in
the Western U.S., U.K., and Ireland. For further information on
Kennedy Wilson, please visit: www.kennedywilson.com.
About GIC
GIC is a leading global investment firm established in 1981 to
manage Singapore’s foreign reserves. As a disciplined long-term
value investor, GIC is uniquely positioned for investments across a
wide range of asset classes, including equities, fixed income,
private equity, real estate and infrastructure. Headquartered in
Singapore, GIC has investments in over 40 countries and employs
over 1,700 people across 10 offices in key financial cities
worldwide. For more information on GIC, please visit www.gic.com.sg
or LinkedIn.
KW-IR
Special Note Regarding Forward-Looking Statements
Statements 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. For example, we may not be
able to maintain our current acquisition or disposition pace or
identify future properties to acquire on terms we consider
attractive, and our current property portfolio may not perform as
expected. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201218005052/en/
Kennedy Wilson Investors Daven Bhavsar, CFA Vice
President of Investor Relations +1 (310) 887-3431
dbhavsar@kennedywilson.com
U.S. Media Emily Heidt Director of Public Relations +1
(310) 887-3499 eheidt@kennedywilson.com
European Media FTI Consulting Dido Laurimore / Eve
Kirmatzis +44 20 3727 1000 kennedywilson@fticonsulting.com
GIC Marissa Lum Assistant Vice President, Communications
+65 6889 6591 marissalum@gic.com.sg
Mah Lay Choon Senior Vice President, Communications +65 6889
6841 mahlaychoon@gic.com.sg
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