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Kennedy Wilson Buys Multifamily Asset In Ireland From Blackstone Fund | News | Ipe Ra

by realassets.ipe.com posted 3weeks ago 13 views
Kennedy Wilson bought the Elysian in Cork for €87.5m. : Kennedy Wilson has extended its residential offering in Ireland by acquiring a multifamily asset from real estate funds managed by Blackstone. The asset comprises 206 multifamily/private rented sector (PRS) units with 67,600sqft of retail and office space over 550 car parking spaces. Mary Ricks, the president and CEO of Kennedy Wilson Europe, said: “We see good near-term and medium-term prospects to grow net operating income by leasing up the vacant commercial space and implementing the Kennedy Wilson Residential package of amenities to drive unit rental growth.

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