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Courtesy of Kennedy Wilson Europe Real Estate
Kennedy Wilson Europe Real Estate Plc bought two distribution warehouses at the Orion Business Park, Ipswich, for £11.6M, reflecting a yield-on-cost of 8.1%. Acquired in two separate transactions, the two adjoining units are fully let to local and national logistics companies and offer over 203k SF in aggregate.
Following this acquisition, KWE’s UK industrial portfolio includes 31 assets comprising over 3.1M SF, with an aggregate investment value of £200.8M. The portfolio is 96% occupied.
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