Global real estate investment company Kennedy Wilson has completed the sale of two wholly owned UK properties, the Fairmont St Andrews resort in Scotland and Leavesden Park, an office asset near Watford, for $178 mln (€161 mln).
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
