Kennedy Wilson Real Estate launches share buyback scheme

Kennedy Wilson Europe Real Estate has launched a share buyback programme to manage its balance sheet and to take advantage of future investment opportunities.

The FTSE 250 company aims to spend £100m, starting from 5 October through broker J&E Davy which will cancel all shares bought back under the programme.

President and chief executive Mary Ricks said: "The share buyback programme is part of our ongoing commitment to balance sheet management and capital efficiency, while leaving sufficient liquidity to capitalise on potential future market opportunities."

The company’s £3bn portfolio is primarily invested across office and retail properties in the UK and Ireland, and also in Spain and Italy.