Kennedy Wilson buys Fairmont St Andrews Kennedy Wilson Europe Real Estate, the US-managed property fund that raised £1bn through a London float earlier this year, has snapped up a luxury 520-acre golf resort in St Andrews, Scotland for £32.4m. Kennedy Wilson confirmed yesterday that it had bought the Fairmont St Andrews hotel, previously owned by private equity firm Ares Management.
Investors from US help ignite Kennedy Wilson SHARES in Kennedy Wilson Europe, part of a Beverley Hills-based property group that has raised £1.1bn to invest in European properties, got off to a strong start in London yesterday. Earlier this month the group said it planned to raise between £500m and £750m from investors but decided to go for over £1bn in order [...]
Strong demand for European property gets Kennedy Wilson off to a flying start There was much excitement this afternoon about the first day's trading in London in the shares of Kennedy Wilson Europe, part of a Beverley Hills, California-based property group that has raised £1.1bn to invest in European properties. Earlier this month the group said it planned to raise between £500-750m from investors but decided to go [...]