(formerly known as Kennedy Wilson Europe Real Estate Plc)
(the Issuer ) NOTICE IS HEREBY GIVEN to the holders of the Bonds (the Bondholders ) of the Make Whole Redemption Price, following the publication by the Issuer on 25 March 2021 of a notice announcing that it had elected to redeem £150,000,000 in aggregate nominal amount of the Bonds in accordance with (i) Condition 5(c) (Redemption at the Option of the Issuer) of the Terms and Conditions of the Bonds (the Conditions ) and (ii) the terms of the permanent global bond representing the Bonds.
Terms used in this notice but not defined herein shall have the meaning given them in the Conditions.
“Despite the challenges stemming from the global pandemic, I am pleased with the accomplishments we made throughout the year, which included strong rent collections while maintaining high occupancy across our diverse and largely suburban multifamily and office portfolio,” said William McMorrow, Chairman and CEO of Kennedy Wilson. “New partnerships grew our fee-bearing capital by 30%, and our asset sales in the quarter highlighted the underlying value of our high quality real estate portfolio and were a key component of achieving record financial results. Finally, subsequent to year-end, we positioned ourselves for the long term and refinanced the majority of our unsecured debt maturing in 2024. We issued $1 billion of unsecured bonds with a weighted average maturity of 9 years and an improvement in the weighted average interest rate of 1% or $10 million annually.”