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Kennedy Wilson Acquires Prime Suburban London Office Campus for $66 Million

By   /  June 25, 2021  /  Comments Off on Kennedy Wilson Acquires Prime Suburban London Office Campus for $66 Million

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BEVERLY HILLS, Calif.–()–Global real estate investment company Kennedy Wilson (NYSE: KW) and its equity partner have closed the acquisition of The Capitol Building, a Grade A, 173,000 square-foot institutional quality office campus for $66.2 million, reflecting a cap rate of 7.7%.

The partnership invested $29 million of equity and Kennedy Wilson’s ownership interest is 51%.

The Capitol Building, in Bracknell, is part of the active Thames Valley submarket. It is 97% occupied by nine tenants across the tech and business service sectors. The four-story building is set within a professionally landscaped environment and offers a range of tenant amenities to drive demand, as businesses look to improve the…



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