Kennedy Wilson

Kennedy Wilson
Traded as NYSE: KW
Russell 2000 Component

Kennedy Wilson is a global real estate investment company founded in 1977 and based in Beverly Hills, California. In 1988, CEO and Chairman William J. McMorrow acquired the company, which now owns, operates, and invests in real estate both on its own and through its investment management platform.  Kennedy Wilson focuses primarily on multifamily and office properties located in the Western United States, United Kingdom and Ireland. To complement its investment business, the company also provides real estate services primarily to financial services clients.[1]

Kennedy Wilson began with just one office and 11 employees, and today, it has offices in 25 different markets throughout the United States, United Kingdom, Ireland, Spain, Jersey and Japan with $16 billion of assets under management across the property spectrum.[2]

Kennedy Wilson entered the European market in 2011 when it served as the catalyst and lead investor in the recapitalization of the Bank of Ireland.[3] The team quickly grew its presence to become of the top commercial property owners in the country, and then expanded across the continent with offices in Dublin, London, Madrid and Jersey overseeing a $4 billion property portfolio. Kennedy Wilson Europe Real Estate Plc was listed on the London Stock Exchange in 2014, and the $1.7 billion IPO represented the largest real estate vehicle listing since the economic downturn and the second largest real estate IPO in the 200-year history of the London Stock Exchange.[4]

In 2017, the company closed a landmark transaction that combined Kennedy Wilson Holdings and Kennedy Wilson Europe Real Estate Plc into one global platform with a simpler structure and an $8 billion enterprise value, generating recurring revenue of over $700 million and positioning the global company for future growth opportunities.[5]

References

  1. ↑ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2018-10-05.
  2. ↑ "Investors". ir.kennedywilson.com. Retrieved 2018-10-05.
  3. ↑ "Kennedy Wilson 2011 Annual Report" (PDF).
  4. ↑ "Kennedy Wilson Invests $203M in $1.7B Initial Public Offering of Kennedy Wilson Europe Real Estate Plc". ir.kennedywilson.com. Retrieved 2018-10-05.
  5. ↑ "Kennedy Wilson and Kennedy Wilson Europe Real Estate Plc Complete Merger, Creating $8 Billion Global Real Estate Company". ir.kennedywilson.com. Retrieved 2018-10-05.
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