Kennedy Wilson, an international real estate company based in Beverly Hills, has bought the residential project Clancy Quay in Dublin for €82.5 million. They paid the whole sum in cash and will place debt financing on the property. Clancy Quay was built in 2008 and consists of three phases; the first phase with 420 units and 36,000 square feet of commercial space and two other phases of an 8.5-acre site which can be used for both commercial and residential purposes. According to the Managing Director of the company, Peter Collins, the project is exactly what residents whom wish to be close the city centre are looking for. Kennedy Wilson has purchased $1.3 billion of real estate and real estate connected debt since the beginning of 2013 with a total global portfolio of 16,242 units. Would you like to live there? Tell us your thoughts!
Ciprian on Tuesday, July 16, 2013 in Acquaint, Auctioneers, Estate Agents, Investment