Kennedy Wilson Expands in Europe With $1.8 Billion Loan Deal

Kennedy-Wilson Holdings Inc., the U.S. real estate company buying a U.K. loan portfolio from Bank of Ireland Plc, expects Europe to become the largest part of its business in the next five years as lenders in the region sell assets, Chief Executive Officer William McMorrow said.

“The biggest opportunities are in Europe,” he said in a telephone interview yesterday. “The U.S. banks have all raised capital and they’re not under as much pressure right now to sell assets.”