Kennedy Wilson announced the acquisition of Victory Plaza, a 132,995 square foot grocery-anchored retail center along with an adjacent 2.4 acre site zoned for multifamily. The company purchased the debt on the properties in December 2013 from an Irish financial institution for $30 million, investing $12 million of equity in the transaction with Pacific Western Bank providing $18 million of financing. The acquisition is the company's second purchase of U.S. property from a European financial institution in this cycle and represents a strategic addition to Kennedy Wilson's U.S. retail platform which now includes 10 properties and 1.3 million square feet in the Western U.S.