Kennedy Wilson

Kennedy Wilson is a global real estate investment company founded in 1977 and based in Beverly Hills, California, United States. In 1988, CEO and Chairman William J. McMorrow acquired the company.[1] 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.[2]

Kennedy-Wilson Holdings, Inc.
Traded asNYSE: KW
Russell 2000 Component
IndustryReal Estate Investment Company
Founded1977 (1977)
HeadquartersBeverly Hills, California, United States
Area served
Worldwide
Key people
William J. McMorrow (CEO & Chairman)
Websitewww.kennedywilson.com

History

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.[3]

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.[4] 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.[5]

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.[6]

In 2019, it was reported that Kennedy Wilson would spend more than $600m in the next few years on various office and residential projects taking place in Ireland.[7]

In July 2020, A $63 million loan to a multi-family development in the Boulder, Colorado area is the first investment created by a $2 billion real estate program in the US, UK, and Ireland. Global real estate investment firm Kennedy Wilson and Fairfax Financial Holdings initiated the $2 billion project.[8]

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References
  1. "William J. McMorrow". Los Angeles World Affairs Council and Town Hall. Retrieved 18 January 2019.
  2. "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 2018-10-05.
  3. "Investors". ir.kennedywilson.com. Retrieved 2018-10-05.
  4. "Kennedy Wilson 2011 Annual Report" (PDF).
  5. "Kennedy Wilson Invests $203M in $1.7B Initial Public Offering of Kennedy Wilson Europe Real Estate Plc". ir.kennedywilson.com. Retrieved 2018-10-05.
  6. "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.
  7. "Kennedy Wilson to invest €530m in Irish projects". Irish Independent. Retrieved 6 March 2019.
  8. "Kennedy Wilson, Fairfax Complete First Loan in $2B Platform". GlobeSt. 14 July 2020. Retrieved 15 July 2020.
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