M/21/027 – Kennedy Wilson/AXA – LeisurePlex JV
Transaction details
The proposed transaction whereby Kennedy-Wilson Holdings, Inc. and Avicdale Ltd., a company indirectly controlled by AXA S.A., intend to create a fully functional joint venture to develop, acquire, hold and manage private rented accommodation in County Dublin, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Friday May 21, 2021 | Thursday, June 10, 2021 |
| Parties Involved | Business activities |
|---|---|
| Kennedy-Wilson Holdings, Inc. | Kennedy-Wilson Holdings, Inc. is a real estate investment company that owns, develops, operates, and invests in real estate. It also provides real estate asset management services primarily to financial services clients. Kennedy-Wilson Holdings, Inc. has 12 offices throughout the U.S., U.K., Ireland, Jersey, Spain, and Luxembourg. |
| AXA S.A. | AXA S.A. is the holding company of the AXA Group. The AXA Group is a global insurance group headquartered in Paris. The group companies of AXA S.A. are active in life, health and other forms of insurance, as well as in investment management. |
| LeisurePlex | LeisurePlex is located in Stillorgan, Dublin and was previously a bowling leisure complex. The existing structure on the LeisurePlex site has recently been demolished and it will be developed into a private residential rental property. |
| Economic sector | Media merger |
|---|---|
| Real Estate Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Friday, June 4, 2021 | |
| Current status: Completed |
|---|
| Simplified Merger Notification |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Harry Costello | harrycostello@ccpc.ie |
| Dineo Mashego | dineomashego@ccpc.ie |
Media enquiries: communications@ccpc.ie
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