Kennedy Wilson Acquires $111M Heathrow Estate, Expands Global Industrial Platform
Portfolio Pulse from Benzinga Newsdesk
Kennedy Wilson (NYSE:KW) has acquired Heathrow Estate, a multi-let industrial property in West London, for $111 million. The property, which is 84% leased, offers opportunities for value addition through lease extensions and vacancy leasing. This acquisition expands Kennedy Wilson's global industrial platform to over 12 million square feet, representing $2.1 billion in AUM.
June 25, 2024 | 7:05 am
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Kennedy Wilson has acquired Heathrow Estate for $111 million, expanding its global industrial platform. The property is 84% leased and offers opportunities for value addition through lease extensions and vacancy leasing.
The acquisition of Heathrow Estate enhances Kennedy Wilson's portfolio and provides opportunities for rental growth and value addition. This is likely to positively impact the stock price in the short term.
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