Latest news with #KennedyWilson
Irish Independent
11-07-2025
- Business
- Irish Independent
Irish property investment tumbles in second quarter of 2025 amid uncertain backdrop
A report from estate agents Savills shows that €381.5m was invested in the Irish market in the second quarter, down 34pc on the second quarter last year. But total spend in the first half of 2025, at €924m, was 27pc higher year-on-year. John Ring, director of research at Savills, said real estate markets have struggled for momentum in the absence of a clearer and more stable economic backdrop. Savills still expects the value of deals this year to exceed the €2.5bn recorded in 2024. Savills said the second-quarter performance reflects a smaller number of big transactions, but that overall activity remains 'well-diversified' across sectors and geographies. It added a total of 21 deals closed in the period, with an average size of €18.1m. Investment in the retail sector remained strong, accounting for 42pc of total activity in the second quarter. It was supported by Realty Income's €123.5m acquisition of the Trinity Collection, a portfolio of retail parks in Tallaght, Drogheda and Clonmel. Offices continued to command the highest share of activity, at 47pc by value. The quarter was marked by three big deals, including Deka's €70m purchase of 20 Kildare Street from Kennedy Wilson, with a 5.15pc yield. Kennedy Wilson also sold 10 Hanover Quay for €66m to Pontegadea, representing a 5.4pc yield. The Infinity Building in Dublin's Smithfield was acquired for €42m by Corum, for an 8.4pc yield. Recent moderation in the five-year swap rate will allow transaction volumes to recover European investors made up 53pc of all purchases in the second quarter, well above the five-year average of 34pc, according to Savills. 'Increased sovereign bond issuance across the euro area and concerns over the potential inflationary impact of US protectionist trade policies have led investors to demand a higher term premium, keeping upward pressure on longer-dated bonds,' Mr Ring said. He said with rates at the short end of the yield curve tightening due to ECB rate cuts, the five-year swap rate has moved from an average of 2.8pc in the first half of 2024 to 2.2pc in the first half of 2025. 'While higher rates and an uncertain macro context have led to a fall-off in investment volumes, the recent moderation in the five-year swap rate will allow transaction volumes to recover.'
Irish Times
09-07-2025
- Business
- Irish Times
Kennedy Wilson secures new tenant for Sandyford office block
US real-estate firm Kennedy Wilson has secured Roughan and O'Donovan as tenant for the part fourth-floor office suite at the Chase Building in Sandyford , in south Dublin . The company, a leading civil, environmental and structural engineering consultancy firm employing more than 250 people in Ireland and the UK, has agreed to a new 15-year lease on 1,301sq m (14,000sq ft) of office space, with a break option at year 10. The rent is in the region of €28 per square foot, together with tenant incentives. The letting, which was handled on behalf of Kennedy Wilson by BNP Paribas Real Estate , was agreed following an extensive refurbishment of the Chase Building's fourth floor and ground-floor reception area. The accommodation has undergone a complete refurbishment incorporating a new CAT A specification with raised access floors with a new carpet-tile finish, floor boxes wired for power and CAT 6 data cabling, suspended ceilings with recessed LED PIR lighting, VRV air conditioning and upgraded shower and toilet facilities. In terms of its sustainability, the Chase Building now has a B3 Ber rating and BREEAM In-Use 'very good' certification. READ MORE Located on Arkle Road, and just 200m from the Luas green line stop at Sandyford, the Chase Building comprises a total area of 16,315sq m (175,600sq ft) distributed over 10 floors, including two basement levels dedicated to parking. Roughan O'Donovan joins a number of international occupiers in the building. These include Google, Concentrix, Dun & Bradstreet, Ericsson, Suntory Beverage & Food Ireland and Regus.
Yahoo
08-07-2025
- Business
- Yahoo
Kennedy Wilson to Announce Second Quarter 2025 Earnings
Company to hold conference call and webcast to discuss second quarter financial results BEVERLY HILLS, Calif., July 08, 2025--(BUSINESS WIRE)--Global real estate investment company Kennedy Wilson (NYSE: KW) will release its second quarter 2025 financial results on Wednesday, August 6, 2025, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, August 7, 2025. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay of the call will be available for one week beginning one hour after the live call and can be accessed at (877) 344-7529 for U.S. callers and +1 (412) 317-0088 for international callers. The passcode for the replay is 8633071. The webcast will be available at: A replay of the webcast will be available one hour after the original webcast on the Company's investor relations web site for three months. About Kennedy Wilson Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $29 billion of assets under management in high growth markets across the United States, the UK and Ireland. We focus primarily on rental housing, with over 60,000 multifamily and student housing units owned by the company or financed through our growing credit platform. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, with more than $60 billion in total transactions closed across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within our high-quality, core real estate portfolio and through our investment management platform, where we target opportunistic investments alongside our partners. For further information, please visit KW-IR View source version on Contacts Investors Daven Bhavsar, CFAHead of Investor Relations(310) 887-3431dbhavsar@
Business Wire
08-07-2025
- Business
- Business Wire
Kennedy Wilson to Announce Second Quarter 2025 Earnings
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Global real estate investment company Kennedy Wilson (NYSE: KW) will release its second quarter 2025 financial results on Wednesday, August 6, 2025, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, August 7, 2025. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay of the call will be available for one week beginning one hour after the live call and can be accessed at (877) 344-7529 for U.S. callers and +1 (412) 317-0088 for international callers. The passcode for the replay is 8633071. The webcast will be available at: A replay of the webcast will be available one hour after the original webcast on the Company's investor relations web site for three months. About Kennedy Wilson Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $29 billion of assets under management in high growth markets across the United States, the UK and Ireland. We focus primarily on rental housing, with over 60,000 multifamily and student housing units owned by the company or financed through our growing credit platform. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, with more than $60 billion in total transactions closed across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within our high-quality, core real estate portfolio and through our investment management platform, where we target opportunistic investments alongside our partners. For further information, please visit KW-IR
Scotsman
07-07-2025
- Business
- Scotsman
WoodMac seals deal for 30,000-square-foot HQ in landmark Edinburgh building
'As staff continue to return to the office, the ongoing leasing momentum at Waverley Gate demonstrates the demand for prime office space in Edinburgh' – Matthew Milroy, Kennedy Wilson Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Energy consultancy Wood Mackenzie is taking space in a landmark Edinburgh building for its headquarters in a boost for the city's office market. Property investment firm Kennedy Wilson said it had signed a 15-year unbroken lease commitment with the consultancy - popularly known as WoodMac - for 30,000 square feet at Waverley Gate, which previously housed the capital's central post office. Advertisement Hide Ad Advertisement Hide Ad Confirmation of the leasing deal follows a total of 113,000 sq ft of lettings to five occupiers at Waverley Gate, bringing the newly refurbished 200,000-square-foot prime office building to 95 per cent occupancy. An external view of the historic building - now known as Waverley Gate - at the east end of Edinburgh's Princes Street. Life and pensions firm Royal London has taken 25,000 sq ft on a 15-year lease and Gallagher, the global insurance, risk management and consulting services provider, has relocated its Edinburgh operations to Waverley Gate, occupying 6,500 square feet on a ten-year lease. Software company Forrit and the Scottish Government have signed new ten-year leases for 10,000 sq ft of office space each. Additionally, Amazon has agreed to renew its lease at the historic building, occupying a total of 60,000 sq ft. Kennedy Wilson said that since acquiring the building in 2022, it has invested in the property to provide 'first class amenities and excellent sustainability credentials'. The building includes four large roof terraces, shower facilities, a café and basement level gym. Matthew Milroy, managing director at Kennedy Wilson Europe, said: 'As staff continue to return to the office, the ongoing leasing momentum at Waverley Gate demonstrates the demand for prime office space in Edinburgh, where supply remains extremely constrained. Advertisement Hide Ad Advertisement Hide Ad 'We identified an opportunity to invest in the property, repositioning it further to improve its sustainability credentials and attractiveness to occupiers. As a result, we've maintained very high occupancy and grown income, whilst also setting a record rent for Edinburgh at the end of 2024.' Kennedy Wilson was advised by JLL and Cushman & Wakefield. Recently it emerged that Edinburgh's office market was showing 'signs of optimism' amid a string of letting deals. Significant recommitments from some of the city's largest employers have been complemented by increased activity from smaller businesses securing office space, the latest snapshot from property consultancy JLL noted. Companies were said to be increasingly planning well ahead of lease expirations to secure suitable space, taking advantage of pre-let opportunities and making early strategic decisions amid a constrained market. Advertisement Hide Ad Advertisement Hide Ad Angus Fitzpatrick, a surveyor at JLL in Edinburgh, said: 'Despite the shortage of new prime office developments in Edinburgh, we are still seeing positive trends in some areas of the market which is helping to drive activity. Edinburgh's growing reputation as a place for emerging energy firms to thrive has contributed to several notable deals taking place this year in the city.
