Kennedy Wilson, in partnership with Canada Pension Plan Investment Board (CPP Investments), has invested £213 million in single-family rental housing in the United Kingdom. This investment marks a significant milestone in the companies’ joint venture, which was launched in October 2024 with an initial target of approximately £1 billion in asset value.

The joint venture focuses on addressing the undersupply of high-quality rental housing in the UK by acquiring and developing energy-efficient, new-build homes in strong and growing local economies. Kennedy Wilson holds a 10% ownership interest in the venture, while CPP Investments owns the remaining 90%.

The £213 million investment is a substantial step toward the joint venture’s long-term objectives, reinforcing the partners’ dedication to improving the UK rental market through the development of high-quality, sustainable housing stock.