Global property giant behind Dublin and Cork apartments buys US bank loans

Kennedy Wilson, which also has residential investments in many other global locations, focuses on acquiring undervalued commercial and residential assets in select high-growth markets. They own 470 apartments at Coopers Cross in Dublin. 

Troubled US bank PacWest has agreed to sell a portfolio of property loans worth $2.6bn (€2.4bn) to Kennedy Wilson Holdings, the Beverly Hills-based landlord that is best known in Ireland as the owner of multiple upmarket apartments in Dublin and Cork.

Kennedy Wilson, which also has residential investments in many other global locations, focuses on acquiring undervalued commercial and residential assets in select high-growth markets.