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Stock Market & Financial Investment News

News Breaks
March 26, 2014
08:26 EDTKWKennedy Wilson, Capri Capital acquire 372 unit apartment community
Kennedy Wilson announced that the company and its partners have teamed with Capri Capital Partners to acquire Bailey Farm Apartments, a 372-unit apartment development in Bothell, a suburb of Seattle, Washington. The property was purchased from The Wolff Company for $91.5M, including $45.8M of debt through a life insurance company. Kennedy Wilson invested $4M of equity in the transaction.
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August 18, 2014
07:35 EDTKWKennedy Wilson agrees to acquire Fairmont Hotel in St. Andrews
Kennedy Wilson announced that it has entered into an agreement to acquire the Fairmont Hotel, St Andrews, Scotland from SABD Holding Limited. The purchase price of approximately GBP 32.4M represents a price per key of c. GBP 155,000. The share acquisition is expected to complete in August 2014 and will be funded from the companys cash resources.

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