Kennedy Wilson’s Heron Portfolio represents the forward purchase of a high‑quality, discounted collection of 305 new single‑family homes across four sites, including Wixams (Bedford). Purchased in December 2024 with 62 units delivered from Apr-25 to Oct-25 with great ESG credentials. The transaction strengthens Kennedy Wilson's strategic partnership with Barratt Redrow, the UK’s largest housebuilder, following the successful Norwich acquisition. Delivered in phases over 31 months, the scheme benefits from strong regional employment fundamentals, excellent transport connectivity, and the appeal of modern suburban living. The forward‑purchase structure provides no build cost risk and allows KW to secure long‑term income from high‑quality family homes in a growing commuter market.
Key Highlights
- Significant discount to market value vs OMV.
- Strong income profile driven by resilient SFR demand and high household formation in Bedfordshire.
- Strategic partnership with Barratt Redrow, ensuring high construction standards, strong covenant strength, and scalable future pipeline.
- High‑quality master‑planned community, including schools, open spaces, and family amenities.
- Robust transport connectivity, with fast links to London St Pancras, Luton Airport, and major regional employment hubs.
Location
Wixams, a major new settlement south of Bedford, offers outstanding connectivity and a strong local employment base. Residents benefit from:
- 15‑minute access to A6 / A421 / M1
- Thameslink services: 40 minutes to London St Pancras
- Proximity to Bedford Hospital, University of Bedfordshire, and major logistics employers
- Growing economic anchors including Amazon, B&M, Asda, Sainsbury’s, Unilever, Ocado and the Money & Pensions Service HQ
- Extensive new infrastructure including schools, retail, public transport, and green spaces
