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. 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 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

+353 1 402 5512

Dineo Mashego

+535 14 70 3607
+353 867 74 2106

Media enquiries: communications@ccpc.ie

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