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Kennedy Wilson invests $203M in IPO of Kennedy Wilson Europe Real Estate

Kennedy-Wilson Holdings announced that the company subscribed for a total of approximately $203M of ordinary shares in the initial public offering of Kennedy Wilson Europe Real Estate Plc’s ordinary shares on the London Stock Exchange. Kennedy Wilson’s investment represented approximately 13.4% of KWE’s total share capital, making Kennedy Wilson the largest shareholder of KWE. A wholly-owned subsidiary of the company will act as KWE’s external manager, in which capacity it will be entitled to receive certain management and performance fees.