Kennedy Wilson has exchanged on the purchase of more than 650 units from three separate leading housebuilders across seven development sites in the United Kingdom, for a total purchase price of £213 million ($265 million) on behalf of its single-family rental housing joint venture with Canada Pension Plan Investment Board.
These purchases bring the joint venture platform to more than 900 homes.
Launched in October 2024, the joint venture was seeded with more than 220 units from two housebuilders sourced by Kennedy Wilson, including units under construction by Barratt Redrow in Norwich, where Kennedy Wilson is leasing up the first phase of completed homes, and units by Miller Homes in Stevenage, which will deliver completed houses in the second quarter 2025. Kennedy Wilson has a 10 percent ownership interest in the JV and earns customary fees.
Since then, the joint venture has exchanged on units at seven additional sites across the United Kingdom, including wit