Kennedy-Wlison bulks up Japanese portfolio

BEVERLY HILLS, Calif. – Kennedy-Wilson Japan, a subsidiary of Kennedy-Wilson Inc., has purchased five office properties in Japan to augment its asset management portfolio. The properties, totaling 350,000 sq. ft., cost approximately $80 million and brought the company’s Japanese property portfolio to more than 1.2 million sq. ft. Three of the buildings are located in Tokyo, and two are in Sapporo, Japan, a secondary market. The undisclosed sellers included a liquidated real estate company, a life insurance company and a restructuring building materials company. Kennedy-Wilson Inc. is an international real estate investment, services and fund management company.