21st Jan 2016 07:52
LONDON (Alliance News) - Europe-focused property investor Kennedy Wilson Europe Real Estate PLC on Thursday said it has completed the sale of the underlying collateral on the Avon loan portfolio to an unnamed UK infrastructure fund.
Kennedy Wilson has sold the collateral for a total consideration of GBP100.3 million, reflecting an exit yield of 6.5%.
The portfolio covers five fire control centres leased to the UK government and located in business parks across in England, in Cambridge, Castle Donington, Durham, Wakefield and Wolverhampton.
By Sam Unsted; [email protected]; @SamUAtAlliance
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