Company: KW
Filing Date: 2025-05-09
Form Type: 424B3
Source: 0001408100-25-000117
Chunk: 92

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-09
Form: 424B3
Chunk 92
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 £1.00 = $1.29 USD, related to NOI.

(4) Includes land costs.

Unstabilized and Value Add Capital Expenditure Programs

We currently have seven assets that comprise 1.4 million commercial square feet, 232 multifamily units that are currently unstabilized and are undergoing various stages of lease up, value add or development. In order to stabilize these assets, we project our share of the costs to complete to be $20.9 million. The cost to complete 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.

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The table below describes assets that are currently unstabilized.

| Property                         |     | Segment       |     | Location            |     | Type        |     | KW Ownership % |     | 

# of Assets |     | Commercial Sq. Ft. |           |     | MF Units |     |     | Leased % |    |     | KW Est. Costs to Complete(1) |    |    |
|:---------------------------------|:----|:--------------|:----|:--------------------|:----|:------------|:----|:---------------|:----|------------:|:----|:-------------------|----------:|:----|:---------|----:|:----|:---------|---:|:----|:-----------------------------|---:|---:|
| Coopers Cross                    |     | Co-Investment |     | Ireland(2)          |     | Office      |     | 50%            |     |           1 |     |                    |   395,000 |     |          |   — |     |          |  — |     | $                            |  3 |    |
| 90 East Buildings                |     | Consolidated  |     | Pacific Northwest   |     | Office      |     | 100%           |     |           1 |     |                    |   410,000 |     |          |   — |     |          |  — |     |                              |    | 11 |
| The Cornerstone                  |     | Co-Investment |     | Ireland(2)          |     | Multifamily |     | 50%            |     |           1 |     |                    |    27,000 |     |          | 232 |     |          |  1