other material
confidence high
sentiment neutral
materiality 0.60
Kennedy-Wilson completes $335M asset sales, generating $238M cash and $120M gain
Kennedy-Wilson Holdings, Inc.
- Total sales price ~$335M for Dublin hotel, Issaquah office building (177k sq ft), and UK retail asset.
- Cash to Company ~$238M after repaying ~$89M in property-level debt.
- Pre-tax gain of ~$120M to be recognized in Q1 2024 financial results.
- Further details in Q1 2024 quarterly report on Form 10-Q.