UK: Real estate investment firm Kennedy Wilson, in joint venture with Canada Pension Plan Investment Board (CPP Investments), has acquired 275 single-family rental homes across Milton Keynes, Derby, and Cheltenham for approximately £100 million.
The units have been acquired from Dandara and Miller Homes in three separate transactions.
The joint venture, launched in October 2024, has now committed approximately £390 million, contracting on 1,180 units across 13 sites within nine months.
Kennedy Wilson continues to progress an active pipeline of more than 1,000 additional units, with potential for the platform to reach 2,000 units by the end of 2025 and 4,000 units at full capital deployment.
Mike Pegler, president of Kennedy Wilson Europe, said: “We continue to deploy capital swiftly into a growing portfolio of single-family housing for this platform and are pleased to report that we are making excellent progress with our strategy, reaching approximately 1,180 units in just nine months.”
He added that the platform’s first newly completed homes in Norwich and Bedford are now available to rent, with high levels of demand observed in the rental market. He said: “We expect these strong foundations to underpin our future pipeline as we continue to deploy capital and scale the platform.”
Highlights:
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Kennedy Wilson and CPP Investments have acquired 275 single-family rental homes for £100 million.
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The homes have been located in Milton Keynes, Derby, and Cheltenham.
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The joint venture has committed £390 million since its October 2024 launch.
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The platform has contracted 1,180 units across 13 sites within nine months.
