Tag Archives: Kennedy Wilson Europe Real Estate

KWE completes sale of Project Avon UK fire control centres for £100m

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Kennedy Wilson Europe Real Estate (KWE) has completed the disposal of the underlying collateral of the Avon loan portfolio to a UK infrastructure fund for a total consideration of £100.3m, reflecting an exit yield of 6.5%. The six-strong non-performing loan … Continue reading

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Kennedy Wilson eyes expansion into Italy and Spain after £78.5m post-tax maiden annual results

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Kennedy Wilson Europe Real Estate (KWE) eyes an expansion of its European real estate business into Italy and Spain this year, after posting a maiden annual post-tax profit of £78.5m this morning. KWE has achieved the performance through deploying £1.3bn … Continue reading

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Kennedy Wilson closes Natixis-led Park Inn hotel NPL portfolio win paying £61.5m

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Kennedy Wilson Europe Real Estate (KWE) has completed the all-cash acquisition of a Natixis-led non-performing loan (NPL) portfolio for £61.5m, secured by eight UK Park Inn hotels leased to Rezidor Hotel Group. The Park Inn NPL is comprised of six … Continue reading

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Kennedy Wilson buys LinkedIn’s HQ for €45m from Deutsche Bank’s Project Spring NPL

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Kennedy Wilson Europe Real Estate (KWE) has completed the purchase of LinkedIn’s European headquarters, Gardner House in Dublin city centre, for €45.0m after converting a loan from Deutsche Bank’s Project Spring non-performing loan (NPL) portfolio into direct ownership. Deutsche Bank … Continue reading

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Kennedy Wilson acquires £503m UK property portfolio with Aviva Commercial vendor finance

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Kennedy Wilson Europe Real Estate (KWE) has exchanged contracts on a 180-strong mixed-use UK property portfolio for £503.0m, financed by a three-tranche multi-duration £352.3m senior loan from Aviva Commercial Real Estate Finance. The 3.5m sq ft portfolio was assembled from … Continue reading

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Kennedy Wilson Europe closes £351m fresh capital raising

Kennedy Wilson Europe Real Estate (KWE) has completes its second capital raising program, raising £351.5m in gross gross proceeds through issuing 34.94m new shares at £10.06 per new ordinary share. The enlarged issued share capital of KWE will be 135,163,725 … Continue reading

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KWERE closes £225m three-bank RCF and considers further refinancing options

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Kennedy Wilson Europe Real Estate (KWERE) has signed its maiden revolving credit facility (RCF) with Bank of America Merrill Lynch (BAML), Deutsche Bank and JP Morgan for £225m over three years and is considering two additional portfolio refinancings. BAML acted … Continue reading

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Kennedy Wilson buys Ulster Bank’s Elliott loan and Marshes Shopping Centre for €120m

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Kennedy Wilson Europe Real Estate (KWERE) is to acquire Ulster Bank’s Elliott loan portfolio, secured by a 13 properties in Ireland, and separately the Marshes Shopping Centre in Dundalk for a combined cash price of €120m. The Elliot loan portfolio, … Continue reading

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Cerberus pays £352m for Lloyds’ Project Avon

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Cerberus Capital Management signed contracts last night to acquire the Project Avon UK commercial real estate loan portfolio from Lloyds Banking Group for £352m. Project Avon’s remaining balance, after selling the loans by five UK regional high-tech fire control centres … Continue reading

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