Kennedy Wilson Expands Global Debt Platform to $3 Billion With Launch of New European Partnership
2021年7月14日 - 4:00PM
ビジネスワイヤ(英語)
New $700 million commitment from global
institutional investor to focus on European debt opportunities
Global real estate investment company Kennedy Wilson (NYSE: KW)
has expanded its global debt platform to over $3 billion. The
platform, which includes partners across insurance and sovereign
wealth, invests across the entire real estate debt capital
structure in the U.S., UK and Europe, with $1.3 billion of loans
currently deployed.
The expansion includes a new $700 million debt investment
platform in partnership with a global institutional investor that
will target loans secured by high-quality real estate in the UK and
Europe. Kennedy Wilson expects to have an average ownership of
5-10% across its global debt platform and earns customary
management fees in its role as investment manager.
“We are excited to build on our long track record of investing
in debt opportunities and leverage our team’s flexibility and
creativity to provide a wide range of capital solutions for the
growing number of opportunities we see across our core UK and
European markets today,” said Fiona D’Silva, Head of Investment -
Europe, at Kennedy Wilson. “We are in a unique position as a debt
provider in that we have an ownership interest in over $18 billion
of real estate assets globally. We are therefore able to track
industry and financing trends across multiple asset classes in real
time within markets where we benefit from meaningful relationships
and a strong local presence.”
The platform, the latest venture in Kennedy Wilson’s long
history of debt investment activity, will provide financing
solutions across the capital structure and risk spectrum. Together
with its partners, Kennedy Wilson has completed approximately $7
billion in real estate related debt investments since 2010,
including $4.3 billion across Europe.
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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210714005186/en/
Investors Daven Bhavsar, CFA Vice President of Investor
Relations +1 (310) 887-3431 dbhavsar@kennedywilson.com
European Media FTI Consulting Dido Laurimore / Eve
Kirmatzis +44 20 3727 1000 kennedywilson@fticonsulting.com
U.S. Media Emily Heidt Director of Public Relations +1
(310) 887-3499 eheidt@kennedywilson.com
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