M/18/058 - KWPRS ICAV/Grange Stillorgan Road [2018] IECompA m18058 (27 August 2018)

M/18/058 - KWPRS ICAV/Grange Stillorgan Road [2018] IECompA m18058 (27 August 2018)

The Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Parties
Acquirer: KW PRS ICAV; Joint Venture Partner: AXA S.A.; Joint Venture Partner: Kennedy Wilson Holdings; Target: Grange, Stillorgan Road, Blackrock, Co. Dublin
Jurisdiction
Ireland
Judgment Date
27 August 2018
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition of Sole Control, Real Estate Sector
Competition Law Merger Control Acquisition of Sole Control Real Estate Sector

Case Brief

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Parties

KW PRS ICAV

Acquirer

AXA S.A.

Joint Venture Partner

Kennedy Wilson Holdings

Joint Venture Partner

Grange, Stillorgan Road, Blackrock, Co. Dublin

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the proposed acquisition by KW PRS ICAV of sole control of the Grange, Stillorgan Road, Blackrock, Co. Dublin, is compatible with competition law

Ratio Decidendi

The Commission determined that the proposed acquisition would not substantially lessen competition in any market for goods or services in the State and therefore cleared the transaction.

Court Disposition

Cleared

Orders

  • The proposed acquisition by KW PRS ICAV of sole control of the Grange, Stillorgan Road, Blackrock, Co. Dublin, is cleared under the Competition Act 2002 (as amended).