Kennedy Wilson to be added to FTSE EPRA/NAREIT real estate index

Kennedy Wilson Europe Real Estate has been notified by the European Public Real Estate Association that it will be added to the FTSE EPRA/NAREIT Global Real Estate Index Series as of 21 March.

The company said it had successfully satisfied the required eligibility criteria during the index’s March 2016 quarterly review.

Chief executive officer and president Mary Ricks said: "Our inclusion in the EPRA index is further recognition of the progress made by the company and will benefit all shareholders. We are very pleased to have reached this milestone as we celebrate two years since our successful IPO."

At 0825 GMT, Kennedy shares were up 4.1% to 1,181p.