Kennedy Wilson wins $700m mandate for Europe debt investing

US firm Kennedy Wilson has landed a $700 mln (€593 mln) mandate with a global investor to be deployed across UK and European real estate via loans.

Beverley Hills, California-based Kennedy Wilson declined to identify the investor but said the mandate was part of an expansion in European real estate debt as it targets loans secured by high-quality real estate from which it will earn customary management fees. All parts of the debt stack are being considered for investment.

Since 2010, Kennedy Wilson has deployed $7 bn in real estate debt globally, including $4.3 bn across Europe.

Fiona D’Silva, head of investment - Europe, said the company was ‘able to track industry and financing trends across multiple asset classes in real time within markets where we benefit from meaningful relationships and a strong local presence'.

It currently has $1.3 bn of loans deployed in Europe.




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