said it completed acquisitions in Manchester, U.K., and Dublin.
Thecompany acquired the Towers Business Park in the south Manchester suburbs fromLone Star for £82 million. The acquisition reflects a 6.7% topped-up yield oncost.
Thepark has 10 office buildings totaling 289,100 square feet. The occupancy rateis 96%, and major tenants include John Lewis, British Airways, Honeywell,Oracle, Syngenta and Cisco.
Thesouth Dublin suburban office assets were acquired for €76.9 million.
Theassets include the Chase, in Sandyford, acquired for £62.5 million from ChaseArkle plc. The acquisition reflects a 4% yield on cost. The 175,600-square-footbuilding is 68% occupied.
Thecompany also completed the acquisition of three office buildings from HudsonAdvisors for €14.4 million, reflecting a 6.8% yield on cost. The buildings arelocated in Blackrock Business Park in county Dublin, and comprise 50,500 squarefeet of space. The occupancy rate at the properties is 98.5%.
Theacquisitions, funded from existing cash resources, take Kennedy Wilson's Dublinoffice holdings to €90.1 million.