KWE revalues properties

Kennedy Wilson Europe Real Estate — which bought significant commercial properties in Dublin in recent years — yesterday released strong figures for the first half of the year.

It said the value of its portfolio of 279 properties across Europe stood at £2.2bn (€3.2bn). Net profit rose to £149.3m at the end of June from £24.2m a year earlier and it paid a quarterly dividend of 10p, up from 2p in June last year.

“These solid financial results demonstrate significant progress across the business,” said Charlotte Valeur, chair of Kennedy Wilson Europe.