Kennedy-Wilson Holdings Inc. sold two wholly owned properties in the U.K. for approximately $178 million.
The real estate investment company sold its unlevered properties, namely Fairmont St Andrews resort in Scotland and Leavesden Park office asset near Watford, for roughly $41 million in gains.
Kennedy-Wilson will use the proceeds from the sales to fund other European investment opportunities as well as existing development projects.
The Fairmont St Andrews is a 211-bedroom luxury hotel at a 520-acre land with two 18-hole golf courses.
Leavesden Park is part of a 300-acre business park campus within Greater London, comprising about 200,000 square feet of refurbished grade A office space and 778 parking spaces.