Kennedy Wilson Refinances $510m of Irish PRS Loans, Testing Market Waters
Deal News | Apr 14, 2025 | Kennedy-Wilson Holdings Inc
Kennedy Wilson, one of Ireland's significant private-sector landlords, alongside partner AXA Investment Managers, has refinanced loans worth $510 million. These loans are secured against 1,689 Irish apartments, reflecting a keen investor interest in the private rental sector (PRS), which has experienced challenging times. This strategic financial move underscores the resilience and attractiveness of Ireland's PRS to major global investors like Kennedy Wilson and AXA. Such refinancing is part of a broader strategy to stabilize and capitalize on opportunities within the sector.
Sectors
- Real Estate
- Financial Services
Geography
- Ireland – The refinancing deal focuses on Irish apartments, underlining the country's real estate market dynamics.
Industry
- Real Estate – The article revolves around Kennedy Wilson's activity in the private rental sector, which is a subset of the real estate industry.
- Financial Services – The refinancing of loans involving Kennedy Wilson and AXA indicates significant involvement of financial activities within investment and lending.
Financials
- $510 million – The total amount involved in the refinancing of loans backed by Irish apartments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kennedy-Wilson Holdings Inc. | PE Firm | Company | A major private-sector landlord in Ireland, actively involved in the real estate and investment sector. |
| AXA Investment Managers | Investor Partner | Company | AXA Investment Managers is partnering with Kennedy Wilson to execute the refinancing deal. |