13 April 2018
By Elaine Murphy
Competition and Consumer Protection Commission clears proposed acquisition
by Kennedy-Wilson Holdings, Inc., through KW Investment Funds ICAV, of sole
control of the Elysian Building situated in Cork
The Competition and Consumer Protection Commission (the “Commission”) has today cleared
the proposed acquisition whereby Kennedy-Wilson Holdings, Inc., through its wholly owned
subsidiary Kennedy-Wilson Investment Funds ICAV, would acquire sole control of the Elysian
Building situated in Eglinton Street, Cork City. The proposed acquisition was notified under the
Competition Act 2002 (as amended) on 7 March 2018.
The Commission has formed the view that the proposed acquisition will not substantially lessen
competition in any market for goods or services in the State. The Commission will publish the
reasons for its determination on its website no later than 60 working days after the date of the
Determination and after allowing the parties the opportunity to request that confidential
information be removed from the published version.
Kennedy-Wilson Holdings, Inc., a Delaware-incorporated company, listed on the New York Stock
Exchange, is a global real estate investment company, which owns, operates, and invests in real
estate with primary focus on residential and commercial properties located in the Western U.S.,
the UK and the State.
The property known as the Elysian Building, is situated in Eglinton street, Cork City and it
comprises of 206 apartments, 553 car parking spaces and a number of retail, office and
commercial units. Commercial occupational lessees in the Elysian Building include Aldi Stores
(Ireland) Limited and Skyworks Ireland Limited.