Global asset management company Kennedy Wilson is set to double the value of its UK portfolio in just six months when it completes deals worth £140m in the next few weeks.

The purchases will lift the American company’s industrial portfolio value to £440m, across 3.8 million sqft, and it is also targeting further acquisitions in the sector this year according to its head of UK operations Mike Pegler..

He said: “We continue to witness exciting investment and asset management opportunities across both core-plus and value-add industrial and urban logistics properties, driven by strong demand-supply dynamics in the sector.

“Our specialist team has been central in growing our assets under management, buying high quality properties with income and value growth potential.”

Kennedy Wilson has already acquired seven UK industrial and urban logistics assets through separate purchases. The assets are fully occupied and include a mix of core-plus and value-add properties with development potential, including:

  • Brighton Airport Industrial Estate is a multi-let 347,000 sqft industrial estate in the supply constrained Brighton market in England
  • Skyline 120 is a fully occupied, multi-let modern, high-specification distribution park of 180,000 sqft
  • Stenhouse Mill Wynd is a multi-let industrial estate of 63,000 sqft near Edinburgh city centre
  • Mill Lane in Croydon, South London is a 2.2-acre site, strategically located adjoining the joint venture’s existing holding and forming part of the Mill Lane Trading Estate.
  • Link 62 in Normanton near Wakefield is a 63,000 sqft modern distribution warehouse fully let to Sigma Retail Solutions