Kennedy Wilson Europe Real Estate will pay £503 million for 180 U.K. properties, more than half of which are located in London and the southeast.
Kennedy Wilson is buying the properties from receivers appointed by a unit of Aviva. The deal is expected to be completed at the end of next month.
Occupancy levels are about 98%, and the initial net yield will be 6.9%, the two companies said.
Click here for the full Bloomberg article
