15th May 2014 10:26
LONDON (Alliance News) - Newly listed property business Kennedy Wilson Europe Real Estate PLC Thursday said its net asset value at the end of March stood at GBP969.4 million, equating to a net asset value per share of 968.4 pence.
In an interim management for the period December 23 to date, Kennedy Wilson, which manages GBP8.5 billion of property assets across the US, Europe and Japan, said it currently has an occupancy rate of 87% across its portfolio and gross rental income of GBP19.6 million a year.
During the period, the company said it acquired a number of properties including a portfolio of 26 retail, office and industrial properties, all located in the UK for GBP152.9 million.
At the period-end the company said it had cash and cash equivalents of GBP760.7 million.
The company will publish its half-year results on August 10.
Kennedy Wilson's shares were quoted flat at 1,020.00 pence Thursday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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