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Kennedy Wilson Buys Central Dublin Real Estate from RBS’s Ulster

June 6 (Bloomberg) -- Kennedy Wilson Holdings Inc, the U.S. real-estate investment and services firm, bought a 210-unit apartment building in central Dublin with partner Fairfax Financial for 40 million euros.

The Alliance Building was sold by a receiver Grant Thornton on behalf of Royal Bank of Scotland Group Plc’s Ulster Bank unit, Kennedy Wilson said in a statement today.

“We are seeing significant opportunities in the residential space, particularly in Ireland,” Mary Ricks, president and chief executive officer of Kennedy Wilson Europe, said in the statement. Link to Company News:{KW US <Equity> CN <GO>} Link to Company News:{RBS LN <Equity> CN <GO>}

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Dara Doyle at ddoyle1@bloomberg.net

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