CPP Investments and Kennedy Wilson Target Energy-Efficient Housing with £1B UK Rental Joint Venture
Portfolio Pulse from Benzinga Newsdesk
CPP Investments and Kennedy Wilson have formed a joint venture to invest £1 billion in energy-efficient rental housing in the UK. CPP Investments will hold 90% and Kennedy Wilson 10% of the venture. The JV will focus on new-build housing in strong local economies.
October 24, 2024 | 8:00 am
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Kennedy Wilson partners with CPP Investments in a £1 billion UK rental housing joint venture, focusing on energy-efficient homes. KW holds a 10% stake in the venture.
Kennedy Wilson's involvement in a significant joint venture with CPP Investments to develop energy-efficient housing in the UK is likely to positively impact its stock. The venture's focus on strong local economies and energy efficiency aligns with current market trends, potentially enhancing KW's market position and growth prospects.
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