Kennedy Wilson Europe Real Estate has launched a £100m share buyback programme.
The firm said it will cancel any shares it buys in the programme, which was authorised at its annual general meeting in April.
Kennedy Wilson will be able to suspend buybacks at any time the market is open.
Mary Ricks, president and chief executive of Kennedy Wilson Europe, said: “The share buyback programme is part of our ongoing commitment to balance sheet management and capital efficiency, while leaving sufficient liquidity to capitalise on potential future market opportunities.”
Earlier in September, the property investor issued £200m in new bonds for a “more flexible debt structure” with a greater proportion of unsecured finance.
From September: Kennedy Wilson Europe issues another £200m in new bonds
From August: KWE profit up 33% in H1
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