Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 199

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 199
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 this work and the time frame described is subject to many uncertainties that are beyond our control, and the actual costs may be significantly higher than the estimates shown below.

    The table below describes assets that are currently unstabilized.    

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PropertySegmentLocationTypeKW Ownership %# of AssetsCommercial Sq. Ft.Leased %KW Est. Costs to Complete(1)Coopers CrossCo-InvestmentIreland(2)Office50%1395,000 — $2 90 East BuildingsConsolidatedPacific NorthwestOffice100%1410,000 — 11H3, H4, and H7 at Hamilton Landing(4)ConsolidatedNorthern CaliforniaOffice100%1171,000 35 8 Stockley Park(2)ConsolidatedUnited Kingdom(3)Office100%154,000 100 — The HeightsCo-InvestmentUnited Kingdom(3)Office51%1356,000 62 — Scotscroft BuildingConsolidatedUnited Kingdom(3)Office100%157,000 — 1 Kona VillageCo-InvestmentHawaiiHotel35%1— N/A— Total Lease-Up71,443,000 26 %$22 

(1)    Figures shown in this column are an estimate of KW's remaining costs to develop to completion or to complete the entitlement process, as applicable, as of September 30, 2025.  Total remaining costs may be financed with third-party cash contributions, proceeds from projected sales, and/or debt financing.  These figures are budgeted costs and are subject to change.  There is no guarantee that the Company will be able to secure the project-level debt financing that is assumed in the figures above.  If the Company is unable to secure such financing, the amount of capital that the Company will have to invest to complete the projects above may significantly increase. 

(2) Estimated foreign exchange rates are €1.00 = $1.17 USD, and £1.00 = $1.35 USD related to NOI.

    In addition to our development, redevelopment and stabilization initiatives we regularly implement a value-add approach to our consolidated and unconsolidated investments which includes rehabbing properties and adding or updating property amenities.  The capital required to implement these value-add initiatives is typically funded with capital calls, refinancing or supplemental financings at the property level.  We are not required to make these investments, but they are a key driver