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.
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Kennedy Wilson Europe Real Estate
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Kennedy Wilson Europe Real Estate
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Real Estate Investment & Services
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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.