Kennedy Wilson and Partner Acquire Sandford Lodge, 119-Unit Luxury Apartment Community in Dublin, Ireland

  Kennedy Wilson and Partner Acquire Sandford Lodge, 119-Unit Luxury Apartment
  Community in Dublin, Ireland

Business Wire

BEVERLY HILLS, Calif. -- November 29, 2012

International real estate investment and services firm Kennedy Wilson (NYSE:
KW) today announced that the company and one of its investment partners
acquired Sandford Lodge, a 119-unit luxury residential apartment community in
Dublin, Ireland. The purchase price was €27 million, and Kennedy Wilson
invested 50% of the equity in the all cash transaction. Savills advised the
seller in the deal. This acquisition represents the second class A apartment
complex acquired by Kennedy Wilson in Dublin this year.

“We are focused on building out Kennedy Wilson’s multifamily platform in
Ireland,” said Mary Ricks, president and CEO of Kennedy Wilson Europe. “We are
very pleased with this acquisition. The property is running at full occupancy,
and we believe this strong performance will continue as its location is in one
of the most sought after residential submarkets in Dublin City.”

Situated on a 3.83 acre site of privately landscaped grounds, the community is
located in Ranelagh, Dublin 6 and enjoys convenient access to extensive
amenities, top schools and good public transportation. The company plans to
upgrade the property with various physical improvements and additional
resident amenities.

Kennedy Wilson, together with its institutional partners, has acquired
approximately $6.8 billion of real estate and real estate related debt since
the beginning of 2010. The company’s multifamily portfolio in the U.S.,
Ireland and Japan totals 14,247 units.

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is an international real estate investment and
services company headquartered in Beverly Hills, CA with 24 offices in the
U.S., U.K., Ireland, Spain and Japan. The company offers a comprehensive array
of real estate services including auction, conventional sales, property
services, research and investment management. Through its fund management and
separate account businesses, Kennedy Wilson is a strategic investor of real
estate investments in the U.S., U.K., Ireland and Japan. For further
information on Kennedy Wilson, please visit


Kennedy Wilson
Christina Cha
VP of Corporate Communication
(310) 887-6294
Press spacebar to pause and continue. Press esc to stop.