Los Angeles Business Journal

Kennedy-Wilson Acquires Irish Loans

By Deborah Crowe Tuesday, August 14, 2012

Kennedy-Wilson Holdings Inc. has partnered with Germany’s Deutsche Bank AG to acquire an Irish real estate loan portfolio with an unpaid principal balance of $449 million.

Most of the assets are commercial properties and located in Dublin. The Beverly Hills real estate investment company last month announced an initiative to acquire with partners at least $2.5 billion in European real estate loans, with Kennedy-Wilson typically serving as the asset manager.