Cripps supports on £500m Goldman Sachs debt facility for Kennedy Wilson’s single-family housing joint venture

Cripps has been part of the legal team advising in connection with a new £500 million debt facility secured by Kennedy Wilson and Canada Pension Plan Investment Board from Goldman Sachs, supporting the growth of its single-family housing joint venture.

The new five-year facility was agreed with Goldman Sachs following an open-market process run by JLL Debt Advisory and will be used to finance the joint venture’s existing portfolio and development pipeline. Since its launch in October 2024, the platform has committed to approximately 1,600 homes across 19 sites, with a target to scale to 4,500 units, focusing on energy-efficient, new-build housing across the UK.

Cripps acted on the real estate aspects of the transaction, alongside Shoosmiths and Womble Bond Dickinson.

“This financing is a significant milestone for the joint venture, reflecting the growing institutional appetite for high-quality single-family housing in the UK and enabling the next phase of growth for the JV,” said Sarah Ferguson, partner in our commercial real estate team. “We were delighted to support Kennedy Wilson, working alongside the other law firms, to help to conclude this – a huge team effort.”

The transaction highlights Cripps’ experience in advising on complex real estate finance arrangements and its strength in supporting clients operating at scale across the living and residential investment sector.

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