Kennedy Wilson and AXA Investment Managers – Real Assets have become the sole shareholders of a 22-storey mixed-use development in the Dublin docklands known as the Capital Dock.
Kennedy Wilson said it has increased its stake in the mixed-use campus in the Dublin docklands from 42.5% to 50% and AXA Investment Managers – Real Assets has bought the remaining stake.
The duo acquired the shareholding from Fairfax Financial Holdings and Ireland’s National Asset Management Agency (NAMA) for an undisclosed sum.
The Capital Dock site was acquired by Kennedy Wilson in 2012 and completed last year.
Peter Collins, president of Kennedy Wilson Europe, said: “Capital Dock is a cornerstone development in Kennedy Wilson’s portfolio and demonstrates our long-term commitment to Dublin and our determination to play our part in bringing much-needed commercial and residential accommodation to the Docklands.
“We are therefore delighted to extend our relationship with AXA IM – Real Assets, an experienced global portfolio and asset manager, to such an important urban quarter for Dublin.”