Kennedy Wilson to double UK industrial property in short term | News

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Kennedy Wilson expects to close nearly £140m (€162m) in new industrial property deals in the UK in the very short term, the global property investment company said.

Kennedy Wilson said he was on track to grow his UK industrial portfolio to £440million over 3.8millionsqft, with deals done or in the hands of solicitors adding £220million to its industrial assets under management over the last two quarters up to March of this year.

During the period, the manager acquired seven industrial and urban logistics assets in the UK through separate purchases. The assets are fully occupied and include a mix of core-plus and value-added properties with development potential.

Mike Pegler, UK Head of Kennedy Wilson Europe, said: “We continue to witness exciting investment and asset management opportunities in both value-added and value-added industrial and urban logistics properties. added value, driven by a strong dynamic of supply and demand in the sector. . Our specialist team has played a pivotal role in growing our assets under management, purchasing high quality properties with potential for revenue and value growth.

“Having finished with around £80m over the past two quarters, we expect to close with around £140m in the very short term. solid and stable We look forward to further developing our portfolio in this sector.

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