Kennedy Wilson swoops on UK industrial portfolio for €267m
Global real estate investment company Kennedy Wilson has acquired a diversified portfolio of 20 UK urban logistics assets totalling 1.3 million ft2 (120,800 m2), via an off-market transaction with UK logistics specialist, Leftfield, for $287 mln (€267 mln). Kennedy Wilson has a 20% ownership in the portfolio and invested $24 mln of equity in the transaction. The industrial properties are situated in key urban logistics locations across the UK, including London and the South East, Yorkshire and the Midlands. The...