Kennedy Wilson is a global real estate investment company founded in 1977 and based in
Beverly Hills
Beverly Hills is a city located in Los Angeles County, California. A notable and historic suburb of Greater Los Angeles, it is in a wealthy area immediately southwest of the Hollywood Hills, approximately northwest of downtown Los Angeles. Bev ...
, California, United States. In 1988, CEO and Chairman
William J. McMorrow acquired the company. Kennedy Wilson focuses primarily on multifamily and office properties located in the Western United States,
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
and
Ireland
Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Grea ...
. The company also provides real estate services primarily to financial services clients.
History
Kennedy Wilson entered the European market in 2011 when it served as the lead investor in the
recapitalization of the
Bank of Ireland
Bank of Ireland Group plc ( ga, Banc na hÉireann) is a commercial bank operation in Ireland and one of the traditional Big Four Irish banks. Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Iris ...
. The team became the top commercial property owners in the country, and then expanded across the continent with offices in
Dublin,
London,
Madrid and Jersey overseeing a $4 billion property portfolio. Kennedy Wilson Europe Real Estate Plc was listed on the London Stock Exchange in 2014.
In 2017, the company closed a transaction that combined Kennedy Wilson Holdings and Kennedy Wilson Europe Real Estate Plc into one global platform with a simpler structure and an $8 billion enterprise value, generating recurring revenue of over $700 million and positioning the global company for future growth opportunities.
In 2019, it was reported that Kennedy Wilson would spend more than $600m in the next few years on various office and residential projects taking place in Ireland.
In July 2020, A $63 million loan to a multi-family development in the Boulder,
Colorado area is the first investment created by a $2 billion real estate program in the US,
UK, and Ireland. Global real estate investment firm Kennedy Wilson and Fairfax Financial Holdings initiated the $2 billion project.
References
External links
Kennedy Wilson
Companies based in Beverly Hills, California
Real estate companies of the United States
Real estate companies established in 1977
1977 establishments in California
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