Kennedy Wilson has expanded its global real estate debt platform with a new $700m (€593m) partnership to target loans secured by assets in Europe.

The global real estate investment company said it has created the new debt investment platform in partnership with a “global institutional investor”.

Kennedy Wilson expects to have an average ownership of 5-10% across its global debt platform and earns customary management fees in its role as investment manager.

The latest partnership lifts Kennedy Wilson’s global debt platform, which invests across the entire real estate debt capital structure in the US and Europe, to over $3bn, the manager said. The platform includes partners across insurance and sovereign wealth.

Fiona D’Silva, head of investment - Europe, at Kennedy Wilson, said: “We are excited to build on our long track record of investing in debt opportunities and leverage our team’s flexibility and creativity to provide a wide range of capital solutions for the growing number of opportunities we see across our core UK and European markets today.

“We are in a unique position as a debt provider in that we have an ownership interest in over $18 billion of real estate assets globally. We are therefore able to track industry and financing trends across multiple asset classes in real-time within markets where we benefit from meaningful relationships and a strong local presence.” 

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