Kennedy Wilson Drops $388M for UK Shopping Centers

Law360, New York (September 6, 2013, 2:22 PM EDT) -- Kennedy Wilson and one of its partners have shelled out £250 million ($388 million) for eight U.K. shopping centers — the California-based firm's latest effort to expand its presence in Europe — bringing its real estate-related global acquisitions this year to $2.6 billion.

The deal falls in line with a series of real estate acquisitions made by the firm over the last three years, which have largely focused on the U.K. and Ireland. The U.K. shopping centers total 2.3 million square feet, and 80 percent of...
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