Kennedy-Wilson Holdings Inc and Dutch pension fund asset manager APG have officially announced the establishment of a residential joint venture valued at 2 billion euros.

The joint venture platform will focus on large-scale residential development and asset management in Ireland, with plans to create and operate over 3,400 private rental homes. This strategic collaboration marks a deep commitment of international capital to the Irish residential rental market. By integrating the exchange’s expertise in real estate investment and operations with the long-term capital support provided by APG, the joint venture aims to address the growing demand for rental housing in the Irish market. The project is expected to progress in phases, covering new developments and upgrades to existing assets, and is dedicated to providing high-quality, professionally managed rental housing solutions.This cooperation not only strengthens the exchange’s presence in the European residential market but also reflects institutional investors’ continued preference for rental housing assets with stable cash flow. Against the backdrop of limited housing supply and strong rental demand in Ireland, the establishment of this joint venture is expected to inject new supply into the market while providing investors with long-term and stable returns.