Kennedy Wilson Expands Global Debt Platform to $3 Billion with Launch of New European Partnership
July 14, 2021 at 03:00 am EDT
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Global real estate investment company Kennedy Wilson 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. 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.
Kennedy-Wilson Holdings, Inc. is a global real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. It also has a debt platform focused on construction lending secured by multifamily and student housing properties throughout the United States. The Company focuses on multifamily and office properties, as well as industrial and debt investments in its Investment Management business in the Western United States, United Kingdom and Ireland. Its operations are defined by two business segments: its Consolidated Portfolio and Co-Investment Portfolio. Investment activities in the Consolidated Portfolio involve ownership of multifamily units, office, and retail space and one hotel. The Co-Investment Portfolio consists of the co-investments in real estate and real estate-related assets, including loans secured by real estate; fees, and performance allocations that it earns on its fee bearing capital.