Kennedy Wilson Sells Over 80,000 Sq Ft of Prime Dublin, Ireland, Offices to Google

BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Global real estate investment company Kennedy
Wilson
(NYSE: KW) announces that it has completed the sale of South
Bank House and The Warehouse, Dublin 4 to Google Ireland Limited
(“Google”).


Situated on Barrow Street in Dublin’s South Docks, South Bank House was
completed in 2006 and provides over 62,000 sq ft of Grade A offices. The
Warehouse sits on the waterfront to the rear of South Bank House and
comprises a 19th century, three-story warehouse building over
19,500 sq ft that was extensively refurbished to provide modern office
space. Both assets are leased in their entirety to Mason Hayes and
Curran, a leading Dublin law firm with offices in London, New York and
San Francisco.

The two properties were acquired by Kennedy Wilson in July 2013 and sit
adjacent to Boland’s Quay, a mixed-use development due to complete in
Q1-2020, which was also acquired by Google in May 2018.

Alison Rohan, Head of Ireland, Kennedy Wilson Europe, said:
“Strong execution of value-enhancing asset management initiatives across
both South Bank House and The Warehouse, alongside the thriving
redevelopment of the Barrow Street area, have culminated in this
successful sale. It has been a pleasure to work with Google again and
wish the team every success.”

Joe Borrett, Director of Real Estate and Construction of Google,
added:
“We are very pleased to complete the acquisition of South
Bank House and The Warehouse on Barrow Street, which we’ve called home
now for 15 years. Google continues to be committed to Ireland and our
real estate presence and portfolio continues to grow to meet the needs
of our business.”

About Kennedy Wilson

Kennedy Wilson (NYSE:KW) is a global real estate investment company. We
own, operate, and invest in real estate both on our own and through our
investment management platform. We focus on multifamily and office
properties located in the Western U.S., UK, and Ireland.

For further information on Kennedy Wilson, please visit: www.kennedywilson.com.

Special Note Regarding Forward-Looking Statements

Statements in this press release that are not historical facts are
“forward-looking statements” within the meaning of U.S. federal
securities laws. These forward-looking statements are estimates that
reflect our management’s current expectations, are based on assumptions
that may prove to be inaccurate and involve known and unknown risks.
Accordingly, our actual results or performance may differ materially and
adversely from the results or performance expressed or implied by these
forward-looking statements, including for reasons that are beyond our
control. For example, we may not be able to maintain our current
acquisition or disposition pace or identify future properties to acquire
on terms we consider attractive, and our current property portfolio may
not perform as expected. Also, there can be no assurance that we will
complete any transactions that are under current contract. Accordingly,
you should not unduly rely on these statements, which speak only as of
the date of this press release. We assume no duty to update the
forward-looking statements, except as may be required by law.

KW-IR

Contacts

Investors
Daven Bhavsar, CFA
Director of Investor
Relations
+1 (310) 887-3431
dbhavsar@kennedywilson.com

US Media
Emily Heidt
Director of Public Relations
+1
(310) 887-3499
eheidt@kennedywilson.com

European Media
FTI Consulting
Dido Laurimore / Tom
Gough / Eve Kirmatzis
+44 20 3727 1000
kennedywilson@fticonsulting.com