Kennedy Wilson has expanded its global real estate debt platform with a new $ 700 million (⬠593 million) partnership to target asset-backed loans in Europe.
The global real estate investment company said it had created the new debt investment platform in partnership with a “global institutional investor.”
Kennedy Wilson expects to have an average 5-10% stake in his global debt platform and receives the usual management fees in his role as an investment manager.
The latest partnership brings Kennedy Wilson’s Global Debt Platform, which invests in the entire real estate debt capital structure in the United States and Europe, to more than $ 3 billion, the manager said. . The platform includes partners in the fields of insurance and sovereign wealth.
Fiona D’Silva, Head of Investments – Europe, Kennedy Wilson said: Growing number of opportunities we see today in our main UK and European markets.
âWe are in a unique position as a provider of debt as we own an interest in over $ 18 billion of real estate assets around the world. We are therefore able to follow sectoral and financial trends in real time in several asset classes in markets where we benefit from significant relationships and a strong local presence.
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