Press Release November 17, 2014

Goodwin Procter Advises on £204.3M Acquisition of Telegraph Media Group’s London HQ

Goodwin Procter has advised Kennedy Wilson Europe Real Estate plc on the £204.3 million acquisition of 111 Buckingham Palace Road, SW1 – the London headquarters of Telegraph Media Group – from Kish Holdings Limited, an entity managed and controlled by Green Property Ventures.

The 227,000 sq ft landmark, Grade A building is located over Victoria mainline railway station and the Victoria Plaza shopping centre in south-west London. Tenants in the fully occupied office building also include private equity group, Advent International; TV and internet content group, Scripps Network; and serviced offices operator, Regus.

Kennedy Wilson Europe Real Estate plc is a closed-ended collective investment fund that invests primarily in real estate and real estate loans in Europe. The fund is listed on the London Stock Exchange under ticker “KWE.”

Goodwin Procter’s team was led from London by Joe Conder, partner in the firm’s real estate capital markets practice, and also included associates Martin Smith, Simon Woodcock, Claire Haley and Ben Chatzkelson on real estate, partner Ben Eaton and associate Katie Leah on tax, James Spence on corporate, and partner Paul Lyons and associate Toby Young on banking.

Since 2011, Goodwin Procter’s London office has built one of the leading teams in the European premium real estate, hospitality and leisure and fund formation sectors.

Additional information about the transaction can be found in the press release.