Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 109

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 109
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50%1 — 150 N/A$— Coopers CrossIreland(2)Office50%1 395,000 — — 3.0 The CornerstoneIreland(2)Multifamily50%1 27,000 232 50 0.8 The HeightsUnited Kingdom(2)Office51%1 356,000 — 65 — Stockley ParkUnited Kingdom(2)Office100%1 54,000 — — — H4 and H7 at Hamilton Landing(3)Northern CaliforniaOffice100%1 118,000 — 34 5.8 90 EastPacific NorthwestOffice100%1 410,000 — — 11.1 Total Lease-Up7 1,360,000 382 24 %$20.7 

(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 December 31, 2024.  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 

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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 = $1.03 and £1.00 = $1.25, 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 in our ability to increase net operating income at our properties post-acquisition. 

Other Items

On November 3, 2020, the Company's board of directors authorized an expansion of its existing $250 million share repurchase plan to $500 million.  Repurchases under the program may be made in the open market, in privately negotiated transactions, through