Kennedy Wilson and AXA IM in €161m Dublin deal

Kennedy Wilson and AXA IM – Real Assets have together purchased the Grange residential site in Dublin for €161m (£143m). The 274-unit, four-acre PRS development in south Dublin was acquired from receiver Grant Thornton, on behalf of Ireland's National Asset Management Agency. Kennedy Wilson and AXA IM – Real Assets set up an Ireland joint venture in June. The JV targets PRS development and investment opportunities across Ireland, both in Dublin and other large urban centres. The JV now totals more than 1,850 existing units with the potential to add in excess of 1,000 units in currently owned future development sites. Peter Collins, president