KW News & Events

Kennedy-Wilson (KW) announced the successful closing of the previously announced all-cash acquisition of Kennedy Wilson by Fairfax Financial (FRFHF), William McMorrow, Chairman and CEO of Kennedy Wilson, and certain other senior executives of Kennedy Wilson pursuant to the terms of the Agreement and Plan of Merger, dated as of February 16, 2026. The transaction was approved by Kennedy Wilson stockholders in a special meeting held on Wednesday, June 10. Under the terms of the Merger Agreement, holders of Kennedy Wilson common stock outside of the new ownership group will receive $10.90 per share in cash.

A consortium led by KW's CEO with Fairfax Financial Holdings Limited is acquiring Kennedy-Wilson Holdings in a deal expected to close soon, pending final closing conditions.

Kennedy Wilson announced the formation of a new residential joint venture with APG, on behalf of, amongst others, Dutch pension fund ABP to create a EUR 2B residential development and asset management platform. The venture will encompass more than 3,400 private rented homes across both operating and development assets. Upon completion of the developments, Kennedy Wilson's owned and managed Irish portfolio will extend to approximately 6,900 residential units. The joint venture comprises two investment opportunities. The first sees Kennedy Wilson acquire a minority equity interest in APG's existing Cherrywood portfolio in south Dublin, one of Ireland's largest multi-family communities. The over 1,100-unit portfolio is already fully developed and occupied, and APG will retain a majority interest. The second will also see Kennedy Wilson acquire a minority equity interest in, and develop and deliver, approximately 2,300 new private rented sector units across the Player Wills, Bailey Gibson and Clonliffe sites. Each site holds full planning permission, with construction commencing immediately on over 700 units at the former Player Wills cigarette factory on the South Circular Road in Dublin 8. Construction on the remaining 1,500+ units across the Bailey Gibson and Clonliffe schemes is expected to commence early 2027.

Kennedy-Wilson commenced a private offering of $1.8B in aggregate principal amount of senior notes, consisting of senior notes due 2031 and senior notes due 2033 pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. If the Merger is consummated, the Company expects to use the net proceeds from the Offering to redeem in full the Issuer's 4.750% senior notes due 2029 and 4.750% senior notes due 2030, and pay any related premiums, if any, fees and expenses, including accrued and unpaid interest with respect to the 2029 Existing Notes and 2030 Existing Notes, to make an offer to purchase the 5.000% senior notes due 2031 pursuant to the fundamental change provisions of the indenture governing the 2031 Existing Notes, and the remainder, if any, to repay all or a portion of the indebtedness outstanding under the Issuer's unsecured credit facility and/or for general corporate purposes.