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Kennedy Wilson, Varde acquire portfolio of 8 shopping centers for $388M

International real estate investment and services firm Kennedy Wilson announced that the company and Varde acquired a portfolio of eight shopping centers throughout England and Scotland out of administration for $388M. Seven of the eight centers have transferred, with the final center due to close subject to customary closing conditions. The total equity contribution was $170M including $53M from Kennedy Wilson, and $253M of financing was provided.