Kennedy Wilson and APG Asset Management Form €2 Billion Joint Venture for 3,400 Irish Rental Homes

Kennedy Wilson and APG Asset Management have established a €2 billion joint venture to develop and manage a portfolio of more than 3,400 private rental homes across Ireland. The partnership focuses on the construction and long-term operation of residential properties, with Kennedy Wilson serving as the asset manager for the venture.

The joint venture combines Kennedy Wilson’s existing Irish residential assets with a pipeline of new development projects. APG, acting on behalf of its pension fund clients, provides the majority of the capital for the initiative. The portfolio includes a mix of completed units and sites currently under development, primarily located in the Greater Dublin Area. Kennedy Wilson retains a minority interest in the venture and continues to oversee the day-to-day management and leasing operations for the properties. Both parties intend to utilize the platform to address housing demand in the Irish market through the delivery of purpose-built rental accommodation.

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Date: June 4, 2026

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GOAI