04:13 AM EDT, 06/25/2024 (MT Newswires) -- Kennedy-Wilson Holdings ( KW ) said Tuesday that it and a partner have acquired Heathrow Estate, a West London warehouse and office space, for $111 million.

The real estate investment company said it has a 10% ownership interest in the property, which it funded with equity and a $73 million loan.

The company said that 84% of the property, located near London's Heathrow Airport, is already leased. It will launch an "active asset management strategy" to upgrade services for tenants while earning fees for overseeing the management of the property.