London Stock Exchange

Largest ever Jersey real estate fund to list in London

Kennedy Wilson Europe Real Estate, a closed-ended investment fund incorporated in Jersey, has raised up to GBP1bn through its initial public offering (IPO) on the London Stock Exchange (LSE) Main Market.

This makes it the largest ever real estate fund to be listed on the LSE.
 
A team from Carey Olsen led by funds partner James Mulholland and assisted by senior associate Christopher Griffin and associates Stephanie Evans, Katrina Lindsay and Ashley Gribben advised on the establishment of the fund.
 
Carey Olsen's funds team acted alongside Ashurst who advised the fund on the English law aspects of the launch, Freshfields Bruckhaus Deringer who acted for the manager and Herbert Smith Freehills who acted for Deutsche Bank and Bank of America Merrill Lynch, the joint global coordinators and joint bookrunners.
 
Mulholland says: "Our involvement in such a high profile and significant fund raise presented a great opportunity for Carey Olsen to showcase its strengths. Given the highly accelerated launch timetable, it is a ringing endorsement of both the level of service we provide and the market's confidence in Jersey as a jurisdiction for real estate fund launches in a post-AIFMD world.”

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