SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Kennedy-Wilson Holdings, Inc. – ‘10-K’ for 12/31/18 – ‘EX-101.CAL’

On:  Friday, 3/1/19, at 4:29pm ET   ·   For:  12/31/18   ·   Accession #:  1408100-19-51   ·   File #:  1-33824

Previous ‘10-K’:  ‘10-K’ on 2/27/18 for 12/31/17   ·   Next:  ‘10-K’ on 2/28/20 for 12/31/19   ·   Latest:  ‘10-K/A’ on 3/29/24 for 12/31/23   ·   6 References:   

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size

 3/01/19  Kennedy-Wilson Holdings, Inc.     10-K       12/31/18  132:31M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.40M 
 2: EX-4.12     Supplemental Indenture No. 10 Dated December 10,    HTML     60K 
                2018 Amongkennedy-Wilson, Inc.                                   
 3: EX-21       List of Subsidiaries                                HTML    149K 
 4: EX-23.1     Consent of Independent Registered Public            HTML     40K 
                Accounting Firm                                                  
 5: EX-31.1     Certification Pursuant to Rule 13A-14(A) Under the  HTML     45K 
                Securities Exchange Actof 19                                     
 6: EX-31.2     Certification Pursuant to Rule 13A-14(A) Under      HTML     45K 
                Securities Exchange Act Of1934 O                                 
 7: EX-32.1     Certification Pursuant to 18 U.S.C. Section 1350,   HTML     41K 
                as Adopted Pursuant Tosection                                    
 8: EX-32.2     Certification Pursuant to 18 U.S.C. Section 1350,   HTML     41K 
                as Adopted Pursuant Tosection                                    
15: R1          Document and Entity Information                     HTML     71K 
16: R2          Consolidated Balance Sheets                         HTML    108K 
17: R3          Consolidated Balance Sheets (Parenthetical)         HTML     81K 
18: R4          Consolidated Statements of Income                   HTML    146K 
19: R5          Consolidated Statements of Income (Parenthetical)   HTML     40K 
20: R6          Consolidated Statements of Comprehensive Income     HTML     81K 
21: R7          Consolidated Statements of Equity                   HTML    139K 
22: R8          Consolidated Statements of Cash Flows               HTML    191K 
23: R9          Consolidated Statements of Cash Flows               HTML     66K 
                (Parenthetical)                                                  
24: R10         Organization                                        HTML     41K 
25: R11         Basis of Presentation and Summary of Significant    HTML     97K 
                Accounting Policies                                              
26: R12         Loan Purchases and Originations                     HTML     46K 
27: R13         Real Estate and Acquired in Place Lease Value       HTML    140K 
28: R14         Unconsolidated Investments                          HTML    143K 
29: R15         Fair Value Measurements and the Fair Value Option   HTML    175K 
30: R16         Other Assets                                        HTML     68K 
31: R17         Mortgage Debt                                       HTML     84K 
32: R18         Kw Unsecured Debt                                   HTML     88K 
33: R19         Kwe Unsecured Bonds                                 HTML     88K 
34: R20         Related Party Transactions                          HTML     42K 
35: R21         Income Taxes                                        HTML    157K 
36: R22         Commitments and Contingencies                       HTML     53K 
37: R23         Stock Compensation Plans                            HTML     68K 
38: R24         Equity                                              HTML    103K 
39: R25         Earnings Per Share                                  HTML     82K 
40: R26         Segment Information                                 HTML    321K 
41: R27         Guarantor and Non-Guarantor Financial Statements    HTML   1.14M 
42: R28         Unaudited Quarterly Information                     HTML    114K 
43: R29         Subsequent Events                                   HTML     40K 
44: R30         Schedule III - Real Estate and Accumulated          HTML    787K 
                Depreciation                                                     
45: R31         Schedule IV - Mortgage Loans on Real Estate         HTML    363K 
46: R32         Basis of Presentation and Summary of Significant    HTML    167K 
                Accounting Policies (Policies)                                   
47: R33         Real Estate and Acquired in Place Lease Value       HTML    128K 
                (Tables)                                                         
48: R34         Unconsolidated Investments (Tables)                 HTML    142K 
49: R35         Fair Value Measurements and the Fair Value Option   HTML    176K 
                (Tables)                                                         
50: R36         Other Assets (Tables)                               HTML     63K 
51: R37         Mortgage Debt (Tables)                              HTML     88K 
52: R38         Kw Unsecured Debt (Tables)                          HTML     66K 
53: R39         Kwe Unsecured Bonds (Tables)                        HTML     66K 
54: R40         Income Taxes (Tables)                               HTML    156K 
55: R41         Commitments and Contingencies (Tables)              HTML     49K 
56: R42         Stock Compensation Plans (Tables)                   HTML     50K 
57: R43         Equity (Tables)                                     HTML     91K 
58: R44         Earnings Per Share (Tables)                         HTML     78K 
59: R45         Segment Information (Tables)                        HTML    319K 
60: R46         Guarantor and Non-Guarantor Financial Statements    HTML   1.14M 
                (Tables)                                                         
61: R47         Unaudited Quarterly Information (Tables)            HTML    114K 
62: R48         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     51K 
                ACCOUNTING POLICIES - Kennedy Wilson Europe Real                 
                Estate Plc ("KWE") Acquisition (Details)                         
63: R49         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     70K 
                ACCOUNTING POLICIES - Revenue Recognition                        
                (Details)                                                        
64: R50         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     38K 
                ACCOUNTING POLICIES - Unconsolidated Investments                 
                (Details)                                                        
65: R51         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     41K 
                ACCOUNTING POLICIES - Goodwill (Details)                         
66: R52         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     43K 
                ACCOUNTING POLICIES - Accounts Receivable                        
                (Details)                                                        
67: R53         BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT    HTML     47K 
                ACCOUNTING POLICIES - Recent Accounting                          
                Pronouncements (Details)                                         
68: R54         Loan Purchases and Originations (Details)           HTML     51K 
69: R55         REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE -     HTML     69K 
                Schedule of Investments in Consolidated Properties               
                (Details)                                                        
70: R56         REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE -     HTML     99K 
                Schedule of Acquisitions (Details)                               
71: R57         REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE -     HTML     63K 
                Schedule of Assets and Liabilities Assumed and                   
                Acquisition-Related Gains Recognized (Details)                   
72: R58         REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE -     HTML     47K 
                Consolidated of Previously Unconsolidated                        
                Investments, Narrative (Details)                                 
73: R59         REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE -     HTML     85K 
                Gains on Real Estate (Details)                                   
74: R60         REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE -     HTML     63K 
                Deconsolidation of Previously Consolidated Real                  
                Estate (Details)                                                 
75: R61         REAL ESTATE AND ACQUIRED IN PLACE LEASE VALUE -     HTML     46K 
                Guarantees (Details)                                             
76: R62         UNCONSOLIDATED INVESTMENTS - Joint Venture          HTML     87K 
                Holdings (Details)                                               
77: R63         UNCONSOLIDATED INVESTMENTS - Vintage Housing        HTML     59K 
                Holdings (Details)                                               
78: R64         UNCONSOLIDATED INVESTMENTS - Income from            HTML     64K 
                Unconsolidated Investments (Details)                             
79: R65         UNCONSOLIDATED INVESTMENTS - Performance Fees       HTML     52K 
                (Details)                                                        
80: R66         UNCONSOLIDATED INVESTMENTS - Changes in Control     HTML     46K 
                (Details)                                                        
81: R67         UNCONSOLIDATED INVESTMENTS - Contributions to       HTML     39K 
                Joint Ventures (Details)                                         
82: R68         UNCONSOLIDATED INVESTMENTS - Distributions from     HTML     77K 
                Joint Ventures (Details)                                         
83: R69         UNCONSOLIDATED INVESTMENTS - Capital Commitments    HTML     41K 
                (Details)                                                        
84: R70         UNCONSOLIDATED INVESTMENTS - Meyers Research Sale   HTML     54K 
                (Details)                                                        
85: R71         FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION   HTML     63K 
                - Schedule of Fair Value Measurements (Details)                  
86: R72         FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION   HTML     56K 
                - Unconsolidated Investments (Details)                           
87: R73         FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION   HTML     57K 
                - Schedule of Changes in Level 3 Investments                     
                (Details)                                                        
88: R74         FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION   HTML     73K 
                - Schedule of the Funds and Fair Value Option                    
                Investments, Significant Inputs (Details)                        
89: R75         FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION   HTML    149K 
                - Currency Forward Contracts (Details)                           
90: R76         FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION   HTML     48K 
                - Fair Value of Financial Instruments (Details)                  
91: R77         Other Assets (Details)                              HTML    120K 
92: R78         MORTGAGE DEBT - Schedule of Mortgage Debt           HTML     67K 
                (Details)                                                        
93: R79         MORTGAGE DEBT - Mortgage Debt, Additional           HTML     52K 
                Information (Details)                                            
94: R80         MORTGAGE DEBT - Schedule of Maturities (Details)    HTML     62K 
95: R81         KW UNSECURED DEBT - Schedule of Unsecured Debt      HTML     56K 
                (Details)                                                        
96: R82         KW UNSECURED DEBT - Borrowings Under Credit         HTML    102K 
                Facilities (Details)                                             
97: R83         KW UNSECURED DEBT - Senior Notes (Details)          HTML     50K 
98: R84         KWE UNSECURED BONDS - Schedule of KWE Unsecured     HTML     57K 
                Bonds (Details)                                                  
99: R85         KWE UNSECURED BONDS - Additional Information        HTML     78K 
                (Details)                                                        
100: R86         Related Party Transactions (Details)                HTML     55K  
101: R87         INCOME TAXES - Schedule of Income before Income     HTML     45K  
                Tax, Domestic and Foreign (Details)                              
102: R88         INCOME TAXES - Schedule of (Benefit from)           HTML     77K  
                Provision for Income Taxes (Details)                             
103: R89         INCOME TAXES - Reconciliation of the Statutory      HTML     78K  
                Federal Income Tax Rate (Details)                                
104: R90         INCOME TAXES - Schedule of Deferred Tax Assets and  HTML     84K  
                Liabilities (Details)                                            
105: R91         INCOME TAXES - Additional Information (Details)     HTML     65K  
106: R92         COMMITMENTS AND CONTINGENCIES - Schedule of Future  HTML     57K  
                Minimum Lease Payments (Details)                                 
107: R93         COMMITMENTS AND CONTINGENCIES - Additional          HTML     43K  
                Information (Details)                                            
108: R94         STOCK COMPENSATION PLANS - Additional Information   HTML    154K  
                (Details)                                                        
109: R95         STOCK COMPENSATION PLANS - Schedule of Activity     HTML     48K  
                under the New Equity Plan (Details)                              
110: R96         EQUITY - Common Stock Repurchase Program (Details)  HTML     45K  
111: R97         EQUITY - KWE Acquisition (Details)                  HTML     48K  
112: R98         EQUITY - Dividend Distributions (Details)           HTML     43K  
113: R99         EQUITY - Taxability of Dividends (Details)          HTML     43K  
114: R100        EQUITY - Accumulated Other Comprehensive Income     HTML     85K  
                (Details)                                                        
115: R101        EQUITY - Noncontrolling Interests (Details)         HTML     67K  
116: R102        Earnings Per Share (Details)                        HTML     87K  
117: R103        SEGMENT INFORMATION - Segment Information, by       HTML    250K  
                Segment (Details)                                                
118: R104        SEGMENT INFORMATION - Revenue by Geographical       HTML     53K  
                Region (Details)                                                 
119: R105        GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS -  HTML    171K  
                Condensed Consolidating Balance Sheet (Details)                  
120: R106        GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS -  HTML    288K  
                Consolidating Statement of Income (Details)                      
121: R107        GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS -  HTML    131K  
                Consolidated Statement of Comprehensive Income                   
                (Details)                                                        
122: R108        GUARANTOR AND NON-GUARANTOR FINANCIAL STATEMENTS -  HTML    200K  
                Condensed Consolidating Statements of Cash Flows                 
                (Details)                                                        
123: R109        Unaudited Quarterly Information (Details)           HTML     80K  
124: R110        Subsequent Events (Details)                         HTML     45K  
125: R111        Schedule III - Real Estate and Accumulated          HTML    763K  
                Depreciation (Details)                                           
126: R112        Schedule III - Real Estate and Accumulated          HTML     54K  
                Depreciation - Changes in Real Estate Rollforward                
                (Details)                                                        
127: R113        Schedule III - Real Estate and Accumulated          HTML     51K  
                Depreciation - Changes in Accumulated Depreciation               
                Rollforward (Details)                                            
128: R114        Schedule IV - Mortgage Loans on Real Estate         HTML    355K  
                (Details)                                                        
129: R115        Schedule IV - Mortgage Loans on Real Estate -       HTML     51K  
                Activity for the Year (Details)                                  
131: XML         IDEA XML File -- Filing Summary                      XML    245K  
130: EXCEL       IDEA Workbook of Financial Reports                  XLSX    210K  
 9: EX-101.INS  XBRL Instance -- kw-20181231                         XML  11.55M 
11: EX-101.CAL  XBRL Calculations -- kw-20181231_cal                 XML    365K 
12: EX-101.DEF  XBRL Definitions -- kw-20181231_def                  XML   1.75M 
13: EX-101.LAB  XBRL Labels -- kw-20181231_lab                       XML   3.31M 
14: EX-101.PRE  XBRL Presentations -- kw-20181231_pre                XML   2.23M 
10: EX-101.SCH  XBRL Schema -- kw-20181231                           XSD    419K 
132: ZIP         XBRL Zipped Folder -- 0001408100-19-000051-xbrl      Zip    634K  


‘EX-101.CAL’   —   XBRL Calculations — kw-20181231_cal


This Exhibit is an XBRL XML File.


                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<!-- XBRL Document Created with Wdesk from Workiva -->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<link:roleRef roleURI="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies" xlink:href="kw-20181231.xsd#BasisOfPresentationAndSummaryOfSignificantAccountingPolicies" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAccountsReceivableDetails" xlink:href="kw-20181231.xsd#BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAccountsReceivableDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesGoodwillDetails" xlink:href="kw-20181231.xsd#BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesGoodwillDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesKennedyWilsonEuropeRealEstatePlcKweAcquisitionDetails" xlink:href="kw-20181231.xsd#BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesKennedyWilsonEuropeRealEstatePlcKweAcquisitionDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesPolicies" xlink:href="kw-20181231.xsd#BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesPolicies" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesRecentAccountingPronouncementsDetails" xlink:href="kw-20181231.xsd#BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesRecentAccountingPronouncementsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesRevenueRecognitionDetails" xlink:href="kw-20181231.xsd#BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesRevenueRecognitionDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesUnconsolidatedInvestmentsDetails" xlink:href="kw-20181231.xsd#BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesUnconsolidatedInvestmentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/CommitmentsAndContingencies" xlink:href="kw-20181231.xsd#CommitmentsAndContingencies" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/CommitmentsAndContingenciesAdditionalInformationDetails" xlink:href="kw-20181231.xsd#CommitmentsAndContingenciesAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/CommitmentsAndContingenciesScheduleOfFutureMinimumLeasePaymentsDetails" xlink:href="kw-20181231.xsd#CommitmentsAndContingenciesScheduleOfFutureMinimumLeasePaymentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/CommitmentsAndContingenciesTables" xlink:href="kw-20181231.xsd#CommitmentsAndContingenciesTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedBalanceSheets" xlink:href="kw-20181231.xsd#ConsolidatedBalanceSheets" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:href="kw-20181231.xsd#ConsolidatedBalanceSheetsParenthetical" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedStatementsOfCashFlows" xlink:href="kw-20181231.xsd#ConsolidatedStatementsOfCashFlows" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedStatementsOfCashFlowsParenthetical" xlink:href="kw-20181231.xsd#ConsolidatedStatementsOfCashFlowsParenthetical" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedStatementsOfComprehensiveIncome" xlink:href="kw-20181231.xsd#ConsolidatedStatementsOfComprehensiveIncome" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedStatementsOfEquity" xlink:href="kw-20181231.xsd#ConsolidatedStatementsOfEquity" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedStatementsOfIncome" xlink:href="kw-20181231.xsd#ConsolidatedStatementsOfIncome" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedStatementsOfIncomeCalc2" xlink:href="kw-20181231.xsd#ConsolidatedStatementsOfIncomeCalc2" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ConsolidatedStatementsOfIncomeParenthetical" xlink:href="kw-20181231.xsd#ConsolidatedStatementsOfIncomeParenthetical" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/DocumentAndEntityInformation" xlink:href="kw-20181231.xsd#DocumentAndEntityInformation" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EarningsPerShare" xlink:href="kw-20181231.xsd#EarningsPerShare" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EarningsPerShareDetails" xlink:href="kw-20181231.xsd#EarningsPerShareDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EarningsPerShareTables" xlink:href="kw-20181231.xsd#EarningsPerShareTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/Equity" xlink:href="kw-20181231.xsd#Equity" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EquityAccumulatedOtherComprehensiveIncomeDetails" xlink:href="kw-20181231.xsd#EquityAccumulatedOtherComprehensiveIncomeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EquityCommonStockRepurchaseProgramDetails" xlink:href="kw-20181231.xsd#EquityCommonStockRepurchaseProgramDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EquityDividendDistributionsDetails" xlink:href="kw-20181231.xsd#EquityDividendDistributionsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EquityKweAcquisitionDetails" xlink:href="kw-20181231.xsd#EquityKweAcquisitionDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EquityNoncontrollingInterestsDetails" xlink:href="kw-20181231.xsd#EquityNoncontrollingInterestsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EquityTables" xlink:href="kw-20181231.xsd#EquityTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/EquityTaxabilityOfDividendsDetails" xlink:href="kw-20181231.xsd#EquityTaxabilityOfDividendsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOption" xlink:href="kw-20181231.xsd#FairValueMeasurementsAndFairValueOption" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionCurrencyForwardContractsDetails" xlink:href="kw-20181231.xsd#FairValueMeasurementsAndFairValueOptionCurrencyForwardContractsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionFairValueOfFinancialInstrumentsDetails" xlink:href="kw-20181231.xsd#FairValueMeasurementsAndFairValueOptionFairValueOfFinancialInstrumentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionScheduleOfChangesInLevel3InvestmentsDetails" xlink:href="kw-20181231.xsd#FairValueMeasurementsAndFairValueOptionScheduleOfChangesInLevel3InvestmentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionScheduleOfFairValueMeasurementsDetails" xlink:href="kw-20181231.xsd#FairValueMeasurementsAndFairValueOptionScheduleOfFairValueMeasurementsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionScheduleOfFundsAndFairValueOptionInvestmentsSignificantInputsDetails" xlink:href="kw-20181231.xsd#FairValueMeasurementsAndFairValueOptionScheduleOfFundsAndFairValueOptionInvestmentsSignificantInputsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionTables" xlink:href="kw-20181231.xsd#FairValueMeasurementsAndFairValueOptionTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionUnconsolidatedInvestmentsDetails" xlink:href="kw-20181231.xsd#FairValueMeasurementsAndFairValueOptionUnconsolidatedInvestmentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatements" xlink:href="kw-20181231.xsd#GuarantorAndNonGuarantorFinancialStatements" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsCondensedConsolidatingBalanceSheetDetails" xlink:href="kw-20181231.xsd#GuarantorAndNonGuarantorFinancialStatementsCondensedConsolidatingBalanceSheetDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsCondensedConsolidatingStatementsOfCashFlowsDetails" xlink:href="kw-20181231.xsd#GuarantorAndNonGuarantorFinancialStatementsCondensedConsolidatingStatementsOfCashFlowsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsConsolidatedStatementOfComprehensiveIncomeDetails" xlink:href="kw-20181231.xsd#GuarantorAndNonGuarantorFinancialStatementsConsolidatedStatementOfComprehensiveIncomeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsConsolidatingStatementOfIncomeDetails" xlink:href="kw-20181231.xsd#GuarantorAndNonGuarantorFinancialStatementsConsolidatingStatementOfIncomeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsTables" xlink:href="kw-20181231.xsd#GuarantorAndNonGuarantorFinancialStatementsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/IncomeTaxes" xlink:href="kw-20181231.xsd#IncomeTaxes" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/IncomeTaxesAdditionalInformationDetails" xlink:href="kw-20181231.xsd#IncomeTaxesAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateDetails" xlink:href="kw-20181231.xsd#IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/IncomeTaxesScheduleOfBenefitFromProvisionForIncomeTaxesDetails" xlink:href="kw-20181231.xsd#IncomeTaxesScheduleOfBenefitFromProvisionForIncomeTaxesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/IncomeTaxesScheduleOfDeferredTaxAssetsAndLiabilitiesDetails" xlink:href="kw-20181231.xsd#IncomeTaxesScheduleOfDeferredTaxAssetsAndLiabilitiesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/IncomeTaxesScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignDetails" xlink:href="kw-20181231.xsd#IncomeTaxesScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/IncomeTaxesTables" xlink:href="kw-20181231.xsd#IncomeTaxesTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KwUnsecuredDebt" xlink:href="kw-20181231.xsd#KwUnsecuredDebt" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KwUnsecuredDebtBorrowingsUnderCreditFacilitiesDetails" xlink:href="kw-20181231.xsd#KwUnsecuredDebtBorrowingsUnderCreditFacilitiesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KwUnsecuredDebtScheduleOfUnsecuredDebtDetails" xlink:href="kw-20181231.xsd#KwUnsecuredDebtScheduleOfUnsecuredDebtDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KwUnsecuredDebtSeniorNotesDetails" xlink:href="kw-20181231.xsd#KwUnsecuredDebtSeniorNotesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KwUnsecuredDebtTables" xlink:href="kw-20181231.xsd#KwUnsecuredDebtTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KweUnsecuredBonds" xlink:href="kw-20181231.xsd#KweUnsecuredBonds" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KweUnsecuredBondsAdditionalInformationDetails" xlink:href="kw-20181231.xsd#KweUnsecuredBondsAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KweUnsecuredBondsScheduleOfKweUnsecuredBondsDetails" xlink:href="kw-20181231.xsd#KweUnsecuredBondsScheduleOfKweUnsecuredBondsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/KweUnsecuredBondsTables" xlink:href="kw-20181231.xsd#KweUnsecuredBondsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/LoanPurchasesAndOriginations" xlink:href="kw-20181231.xsd#LoanPurchasesAndOriginations" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/LoanPurchasesAndOriginationsDetails" xlink:href="kw-20181231.xsd#LoanPurchasesAndOriginationsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/MortgageDebt" xlink:href="kw-20181231.xsd#MortgageDebt" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/MortgageDebtMortgageDebtAdditionalInformationDetails" xlink:href="kw-20181231.xsd#MortgageDebtMortgageDebtAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/MortgageDebtScheduleOfMaturitiesDetails" xlink:href="kw-20181231.xsd#MortgageDebtScheduleOfMaturitiesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/MortgageDebtScheduleOfMortgageDebtDetails" xlink:href="kw-20181231.xsd#MortgageDebtScheduleOfMortgageDebtDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/MortgageDebtTables" xlink:href="kw-20181231.xsd#MortgageDebtTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/Organization" xlink:href="kw-20181231.xsd#Organization" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/OtherAssets" xlink:href="kw-20181231.xsd#OtherAssets" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/OtherAssetsDetails" xlink:href="kw-20181231.xsd#OtherAssetsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/OtherAssetsTables" xlink:href="kw-20181231.xsd#OtherAssetsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValue" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValue" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueConsolidatedOfPreviouslyUnconsolidatedInvestmentsNarrativeDetails" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValueConsolidatedOfPreviouslyUnconsolidatedInvestmentsNarrativeDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueDeconsolidationOfPreviouslyConsolidatedRealEstateDetails" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValueDeconsolidationOfPreviouslyConsolidatedRealEstateDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueGainsOnRealEstateDetails" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValueGainsOnRealEstateDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueGuaranteesDetails" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValueGuaranteesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueScheduleOfAcquisitionsDetails" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValueScheduleOfAcquisitionsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueScheduleOfAssetsAndLiabilitiesAssumedAndAcquisitionRelatedGainsRecognizedDetails" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValueScheduleOfAssetsAndLiabilitiesAssumedAndAcquisitionRelatedGainsRecognizedDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueScheduleOfInvestmentsInConsolidatedPropertiesDetails" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValueScheduleOfInvestmentsInConsolidatedPropertiesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueTables" xlink:href="kw-20181231.xsd#RealEstateAndAcquiredInPlaceLeaseValueTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RelatedPartyTransactions" xlink:href="kw-20181231.xsd#RelatedPartyTransactions" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/RelatedPartyTransactionsDetails" xlink:href="kw-20181231.xsd#RelatedPartyTransactionsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciation" xlink:href="kw-20181231.xsd#ScheduleIiiRealEstateAndAccumulatedDepreciation" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationChangesInAccumulatedDepreciationRollforwardDetails" xlink:href="kw-20181231.xsd#ScheduleIiiRealEstateAndAccumulatedDepreciationChangesInAccumulatedDepreciationRollforwardDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationChangesInRealEstateRollforwardDetails" xlink:href="kw-20181231.xsd#ScheduleIiiRealEstateAndAccumulatedDepreciationChangesInRealEstateRollforwardDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationDetails" xlink:href="kw-20181231.xsd#ScheduleIiiRealEstateAndAccumulatedDepreciationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ScheduleIvMortgageLoansOnRealEstate" xlink:href="kw-20181231.xsd#ScheduleIvMortgageLoansOnRealEstate" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ScheduleIvMortgageLoansOnRealEstateActivityForYearDetails" xlink:href="kw-20181231.xsd#ScheduleIvMortgageLoansOnRealEstateActivityForYearDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/ScheduleIvMortgageLoansOnRealEstateDetails" xlink:href="kw-20181231.xsd#ScheduleIvMortgageLoansOnRealEstateDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/SegmentInformation" xlink:href="kw-20181231.xsd#SegmentInformation" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/SegmentInformationRevenueByGeographicalRegionDetails" xlink:href="kw-20181231.xsd#SegmentInformationRevenueByGeographicalRegionDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/SegmentInformationSegmentInformationBySegmentDetails" xlink:href="kw-20181231.xsd#SegmentInformationSegmentInformationBySegmentDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/SegmentInformationTables" xlink:href="kw-20181231.xsd#SegmentInformationTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/StockCompensationPlans" xlink:href="kw-20181231.xsd#StockCompensationPlans" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/StockCompensationPlansAdditionalInformationDetails" xlink:href="kw-20181231.xsd#StockCompensationPlansAdditionalInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/StockCompensationPlansScheduleOfActivityUnderNewEquityPlanDetails" xlink:href="kw-20181231.xsd#StockCompensationPlansScheduleOfActivityUnderNewEquityPlanDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/StockCompensationPlansTables" xlink:href="kw-20181231.xsd#StockCompensationPlansTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/SubsequentEvents" xlink:href="kw-20181231.xsd#SubsequentEvents" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/SubsequentEventsDetails" xlink:href="kw-20181231.xsd#SubsequentEventsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnauditedQuarterlyInformation" xlink:href="kw-20181231.xsd#UnauditedQuarterlyInformation" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnauditedQuarterlyInformationDetails" xlink:href="kw-20181231.xsd#UnauditedQuarterlyInformationDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnauditedQuarterlyInformationTables" xlink:href="kw-20181231.xsd#UnauditedQuarterlyInformationTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestments" xlink:href="kw-20181231.xsd#UnconsolidatedInvestments" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsCapitalCommitmentsDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsCapitalCommitmentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsChangesInControlDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsChangesInControlDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsContributionsToJointVenturesDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsContributionsToJointVenturesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsDistributionsFromJointVenturesDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsDistributionsFromJointVenturesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsIncomeFromUnconsolidatedInvestmentsDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsIncomeFromUnconsolidatedInvestmentsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsJointVentureHoldingsDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsJointVentureHoldingsDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsMeyersResearchSaleDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsMeyersResearchSaleDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsPerformanceFeesDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsPerformanceFeesDetails" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsTables" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsTables" xlink:type="simple"/>
<link:roleRef roleURI="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsVintageHousingHoldingsDetails" xlink:href="kw-20181231.xsd#UnconsolidatedInvestmentsVintageHousingHoldingsDetails" xlink:type="simple"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPolicies" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesAccountsReceivableDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesGoodwillDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesKennedyWilsonEuropeRealEstatePlcKweAcquisitionDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesPolicies" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesRecentAccountingPronouncementsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesRevenueRecognitionDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/BasisOfPresentationAndSummaryOfSignificantAccountingPoliciesUnconsolidatedInvestmentsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/CommitmentsAndContingencies" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/CommitmentsAndContingenciesAdditionalInformationDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/CommitmentsAndContingenciesScheduleOfFutureMinimumLeasePaymentsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_30d028f9-2f3a-4a0c-02f8-ea9552d875b6" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_f67237f3-7c78-8a5c-b7b3-17f1eb0b017a" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_30d028f9-2f3a-4a0c-02f8-ea9552d875b6" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_f67237f3-7c78-8a5c-b7b3-17f1eb0b017a" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_ccaff3fc-3d87-e58a-0083-69dda0c10f9d" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_30d028f9-2f3a-4a0c-02f8-ea9552d875b6" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_ccaff3fc-3d87-e58a-0083-69dda0c10f9d" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_39e76369-4fdc-9d5f-860a-45d0795e5fb0" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_30d028f9-2f3a-4a0c-02f8-ea9552d875b6" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_39e76369-4fdc-9d5f-860a-45d0795e5fb0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_fe404cae-7fcc-3489-844f-4d90e9776180" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_30d028f9-2f3a-4a0c-02f8-ea9552d875b6" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_fe404cae-7fcc-3489-844f-4d90e9776180" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_5b651b24-1278-4eab-c840-7002c6d68546" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_30d028f9-2f3a-4a0c-02f8-ea9552d875b6" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_5b651b24-1278-4eab-c840-7002c6d68546" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_36c616b1-40de-90d4-3c05-7e224ce1169a" xlink:type="locator"/>
<link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDue_30d028f9-2f3a-4a0c-02f8-ea9552d875b6" xlink:to="loc_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_36c616b1-40de-90d4-3c05-7e224ce1169a" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/CommitmentsAndContingenciesTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedBalanceSheets" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_63817d40-f759-fa9c-45a5-8bbbb36ed5c9" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_066608da-f041-4af6-3da0-95354b640e11" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_63817d40-f759-fa9c-45a5-8bbbb36ed5c9" xlink:to="loc_us-gaap_Liabilities_066608da-f041-4af6-3da0-95354b640e11" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_AccountsPayableCurrentAndNoncurrent_cd5b6b5f-6363-94f6-cd5c-b74bd87d0cd5" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_066608da-f041-4af6-3da0-95354b640e11" xlink:to="loc_us-gaap_AccountsPayableCurrentAndNoncurrent_cd5b6b5f-6363-94f6-cd5c-b74bd87d0cd5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccruedLiabilitiesAndOtherLiabilities" xlink:label="loc_us-gaap_AccruedLiabilitiesAndOtherLiabilities_da0b2890-b4bd-c1c0-fffc-f41c168eaec4" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_066608da-f041-4af6-3da0-95354b640e11" xlink:to="loc_us-gaap_AccruedLiabilitiesAndOtherLiabilities_da0b2890-b4bd-c1c0-fffc-f41c168eaec4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Liabilities_066608da-f041-4af6-3da0-95354b640e11" xlink:to="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_e0c0480e-e6f5-c4df-ce25-1ffa4a8c827a" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquity_63817d40-f759-fa9c-45a5-8bbbb36ed5c9" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_e0c0480e-e6f5-c4df-ce25-1ffa4a8c827a" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="loc_us-gaap_StockholdersEquity_6765f135-8c69-bebc-a116-d59a52a5b2f2" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_e0c0480e-e6f5-c4df-ce25-1ffa4a8c827a" xlink:to="loc_us-gaap_StockholdersEquity_6765f135-8c69-bebc-a116-d59a52a5b2f2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_aefe3f0c-abe4-5b83-9a64-da77d8e253dd" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_6765f135-8c69-bebc-a116-d59a52a5b2f2" xlink:to="loc_us-gaap_CommonStockValue_aefe3f0c-abe4-5b83-9a64-da77d8e253dd" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaap_AdditionalPaidInCapital_6dca832a-861c-478d-b1a0-396533beb40d" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_6765f135-8c69-bebc-a116-d59a52a5b2f2" xlink:to="loc_us-gaap_AdditionalPaidInCapital_6dca832a-861c-478d-b1a0-396533beb40d" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_a59bc5ae-63a0-c9bc-32f7-e2bd9f32bd26" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_6765f135-8c69-bebc-a116-d59a52a5b2f2" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_a59bc5ae-63a0-c9bc-32f7-e2bd9f32bd26" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_798442bf-12e1-d944-3fa1-8b797b67482e" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquity_6765f135-8c69-bebc-a116-d59a52a5b2f2" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_798442bf-12e1-d944-3fa1-8b797b67482e" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MinorityInterest" xlink:label="loc_us-gaap_MinorityInterest_a9feabf5-0bf0-3efe-740e-f5e41a4b3194" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_e0c0480e-e6f5-c4df-ce25-1ffa4a8c827a" xlink:to="loc_us-gaap_MinorityInterest_a9feabf5-0bf0-3efe-740e-f5e41a4b3194" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedBalanceSheetsParenthetical" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedStatementsOfCashFlows" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_ad8f5587-cd30-97dd-9cf0-81ed4f58516c" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_ad8f5587-cd30-97dd-9cf0-81ed4f58516c" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_ad8f5587-cd30-97dd-9cf0-81ed4f58516c" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_c8c43132-aa8a-b4ee-0a5f-e68cf7aa621d" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt_c8c43132-aa8a-b4ee-0a5f-e68cf7aa621d" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RepaymentsOfNotesPayable" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable_0875b2e3-27c1-eb02-1003-25cd8f923808" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_RepaymentsOfNotesPayable_0875b2e3-27c1-eb02-1003-25cd8f923808" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit" xlink:label="loc_us-gaap_ProceedsFromLinesOfCredit_bd5d5ca5-7d41-2f41-654a-b2433f675680" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_ProceedsFromLinesOfCredit_bd5d5ca5-7d41-2f41-654a-b2433f675680" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit" xlink:label="loc_us-gaap_RepaymentsOfLinesOfCredit_35daa78b-69b1-a085-04d1-e403e60f5923" xlink:type="locator"/>
<link:calculationArc order="4" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_RepaymentsOfLinesOfCredit_35daa78b-69b1-a085-04d1-e403e60f5923" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt_a6a00967-2757-4c3d-0b97-ea0fef0ee33e" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfSecuredDebt_a6a00967-2757-4c3d-0b97-ea0fef0ee33e" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="loc_us-gaap_RepaymentsOfSecuredDebt_eebe5627-7b1a-2c95-7940-0942ae1a9bbe" xlink:type="locator"/>
<link:calculationArc order="6" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_RepaymentsOfSecuredDebt_eebe5627-7b1a-2c95-7940-0942ae1a9bbe" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="loc_us-gaap_PaymentsOfDebtIssuanceCosts_6accd1a2-f190-7888-29dd-29802af49bdc" xlink:type="locator"/>
<link:calculationArc order="7" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_PaymentsOfDebtIssuanceCosts_6accd1a2-f190-7888-29dd-29802af49bdc" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_d4a92697-d008-996b-823a-bd9a56a04b3a" xlink:type="locator"/>
<link:calculationArc order="8" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfCommonStock_d4a92697-d008-996b-823a-bd9a56a04b3a" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries" xlink:label="loc_us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries_95d8ed7e-9b34-71d7-eed8-0d4111603ff0" xlink:type="locator"/>
<link:calculationArc order="9" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries_95d8ed7e-9b34-71d7-eed8-0d4111603ff0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="loc_us-gaap_PaymentsOfDividends_13cc8818-e792-6246-5e41-c56e1150a319" xlink:type="locator"/>
<link:calculationArc order="10" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_PaymentsOfDividends_13cc8818-e792-6246-5e41-c56e1150a319" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="loc_us-gaap_PaymentsToMinorityShareholders_dcb697a2-d8f0-57e1-08fe-44decbefa04c" xlink:type="locator"/>
<link:calculationArc order="11" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_PaymentsToMinorityShareholders_dcb697a2-d8f0-57e1-08fe-44decbefa04c" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromMinorityShareholders" xlink:label="loc_us-gaap_ProceedsFromMinorityShareholders_a5dc819c-8eaf-e4c1-9f51-d9cf65264aae" xlink:type="locator"/>
<link:calculationArc order="12" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_ProceedsFromMinorityShareholders_a5dc819c-8eaf-e4c1-9f51-d9cf65264aae" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="loc_us-gaap_PaymentsOfDividendsMinorityInterest_69563a84-74b9-c6d2-b331-4b99188223c3" xlink:type="locator"/>
<link:calculationArc order="13" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_PaymentsOfDividendsMinorityInterest_69563a84-74b9-c6d2-b331-4b99188223c3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForMergerRelatedCosts" xlink:label="loc_us-gaap_PaymentsForMergerRelatedCosts_c5f8919b-d3c6-f424-100d-132393a14c2b" xlink:type="locator"/>
<link:calculationArc order="14" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_PaymentsForMergerRelatedCosts_c5f8919b-d3c6-f424-100d-132393a14c2b" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_b6fa430c-a850-432c-777a-eaa4171b8a89" xlink:type="locator"/>
<link:calculationArc order="15" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_d8917e24-06dd-060d-a290-e426c7895e54" xlink:to="loc_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_b6fa430c-a850-432c-777a-eaa4171b8a89" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="loc_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_e0089888-8677-d95e-95e6-00fe630f2dcb" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_ad8f5587-cd30-97dd-9cf0-81ed4f58516c" xlink:to="loc_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_e0089888-8677-d95e-95e6-00fe630f2dcb" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_ad8f5587-cd30-97dd-9cf0-81ed4f58516c" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_8aa68cfb-2df7-9a23-d1ed-4fe33385b4a2" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_ProfitLoss_8aa68cfb-2df7-9a23-d1ed-4fe33385b4a2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainLossOnDispositionOfAssets1" xlink:label="loc_us-gaap_GainLossOnDispositionOfAssets1_d98f2ddb-80a6-3621-3b7b-a9eb2bffa58f" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_GainLossOnDispositionOfAssets1_d98f2ddb-80a6-3621-3b7b-a9eb2bffa58f" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain" xlink:label="loc_us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain_6269872f-4842-52da-7d14-0a907dc5c9ab" xlink:type="locator"/>
<link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain_6269872f-4842-52da-7d14-0a907dc5c9ab" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherDepreciationAndAmortization" xlink:label="loc_us-gaap_OtherDepreciationAndAmortization_cad51b02-4985-8a39-fe32-340b8f368d21" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_OtherDepreciationAndAmortization_cad51b02-4985-8a39-fe32-340b8f368d21" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_e8a9abf2-38d3-77d1-fb6b-693fef632294" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_DeferredIncomeTaxExpenseBenefit_e8a9abf2-38d3-77d1-fb6b-693fef632294" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="loc_us-gaap_AmortizationOfFinancingCosts_b412c390-dfec-d4c8-f13e-036e3b49278c" xlink:type="locator"/>
<link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_AmortizationOfFinancingCosts_b412c390-dfec-d4c8-f13e-036e3b49278c" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="loc_us-gaap_AmortizationOfDebtDiscountPremium_d883e212-a0a2-0f3a-80cd-5a5472a7f783" xlink:type="locator"/>
<link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_AmortizationOfDebtDiscountPremium_d883e212-a0a2-0f3a-80cd-5a5472a7f783" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_UnrealizedGainLossOnDerivatives" xlink:label="loc_us-gaap_UnrealizedGainLossOnDerivatives_617b1db1-ae07-85bc-53dc-378b73f4faf0" xlink:type="locator"/>
<link:calculationArc order="8" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_UnrealizedGainLossOnDerivatives_617b1db1-ae07-85bc-53dc-378b73f4faf0" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_IncomeLossfromEquityMethodInvestmentsIncludingAccretion" xlink:label="loc_kw_IncomeLossfromEquityMethodInvestmentsIncludingAccretion_6e312508-50f7-1834-f873-7fe0f4f37465" xlink:type="locator"/>
<link:calculationArc order="9" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_kw_IncomeLossfromEquityMethodInvestmentsIncludingAccretion_6e312508-50f7-1834-f873-7fe0f4f37465" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentIncomeAmortizationOfDiscount" xlink:label="loc_us-gaap_InvestmentIncomeAmortizationOfDiscount_36049fb2-72be-e620-0563-a99ea752ca45" xlink:type="locator"/>
<link:calculationArc order="10" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_InvestmentIncomeAmortizationOfDiscount_36049fb2-72be-e620-0563-a99ea752ca45" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_90cbc3ab-f555-6407-b3b4-b2bfa84c9f18" xlink:type="locator"/>
<link:calculationArc order="11" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_ShareBasedCompensation_90cbc3ab-f555-6407-b3b4-b2bfa84c9f18" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_ProceedsFromUnconsolidatedInvestmentsDividendsOrDistributions" xlink:label="loc_kw_ProceedsFromUnconsolidatedInvestmentsDividendsOrDistributions_51a5044d-5372-6785-0f88-dc3617354502" xlink:type="locator"/>
<link:calculationArc order="12" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_kw_ProceedsFromUnconsolidatedInvestmentsDividendsOrDistributions_51a5044d-5372-6785-0f88-dc3617354502" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_ProceedsFromOperatingDistributionsFromLoanPurchasesAndOriginations" xlink:label="loc_kw_ProceedsFromOperatingDistributionsFromLoanPurchasesAndOriginations_e1cf846c-9b65-88b1-eac0-dc3617af1db7" xlink:type="locator"/>
<link:calculationArc order="13" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_kw_ProceedsFromOperatingDistributionsFromLoanPurchasesAndOriginations_e1cf846c-9b65-88b1-eac0-dc3617af1db7" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_5f96c19e-85fe-99f6-cec0-c2c9d7470ed4" xlink:type="locator"/>
<link:calculationArc order="14" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsReceivable_5f96c19e-85fe-99f6-cec0-c2c9d7470ed4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_d54a644c-3d3c-bcc1-da30-2f136651f90f" xlink:type="locator"/>
<link:calculationArc order="15" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_d54a644c-3d3c-bcc1-da30-2f136651f90f" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities_2d76eef5-dce5-0152-632e-9bab39da698c" xlink:type="locator"/>
<link:calculationArc order="16" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_IncreaseDecreaseInAccruedLiabilities_2d76eef5-dce5-0152-632e-9bab39da698c" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AmortizationOfAboveAndBelowMarketLeases" xlink:label="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_3c0792c7-1a37-114f-0539-d4ca1d1ed0e8" xlink:type="locator"/>
<link:calculationArc order="17" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_AmortizationOfAboveAndBelowMarketLeases_3c0792c7-1a37-114f-0539-d4ca1d1ed0e8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainLossOnSaleOfBusiness" xlink:label="loc_us-gaap_GainLossOnSaleOfBusiness_1b571f63-90c7-8c54-8fc3-7d0175fc7e46" xlink:type="locator"/>
<link:calculationArc order="18" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_1bd0bd4e-4a6f-b052-029c-0ecb0c520251" xlink:to="loc_us-gaap_GainLossOnSaleOfBusiness_1b571f63-90c7-8c54-8fc3-7d0175fc7e46" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedStatementsOfCashFlowsParenthetical" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedStatementsOfComprehensiveIncome" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_cf605d39-9067-2f07-a6b5-7dfa6481009e" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_0e67d263-6e0f-cbd4-f553-6c8cebeb68d8" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_cf605d39-9067-2f07-a6b5-7dfa6481009e" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_0e67d263-6e0f-cbd4-f553-6c8cebeb68d8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_e68ce304-18e4-96c0-3260-363a872863db" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_0e67d263-6e0f-cbd4-f553-6c8cebeb68d8" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_e68ce304-18e4-96c0-3260-363a872863db" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_6df44786-4260-4fa4-e123-591abd5e882d" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_e68ce304-18e4-96c0-3260-363a872863db" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax_6df44786-4260-4fa4-e123-591abd5e882d" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax_7a8c75f6-aa6c-53a5-d989-5565dbb744c9" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_e68ce304-18e4-96c0-3260-363a872863db" xlink:to="loc_us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax_7a8c75f6-aa6c-53a5-d989-5565dbb744c9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax_fcb4c574-5abf-42f0-78e6-5e8883285709" xlink:type="locator"/>
<link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_e68ce304-18e4-96c0-3260-363a872863db" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax_fcb4c574-5abf-42f0-78e6-5e8883285709" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_048ec802-2790-a30d-0e9a-5c6f3e54d390" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTax_e68ce304-18e4-96c0-3260-363a872863db" xlink:to="loc_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax_048ec802-2790-a30d-0e9a-5c6f3e54d390" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_8aa68cfb-2df7-9a23-d1ed-4fe33385b4a2" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_0e67d263-6e0f-cbd4-f553-6c8cebeb68d8" xlink:to="loc_us-gaap_ProfitLoss_8aa68cfb-2df7-9a23-d1ed-4fe33385b4a2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_ff106bf5-082b-8f58-cc36-c7f91866b7d3" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ComprehensiveIncomeNetOfTax_cf605d39-9067-2f07-a6b5-7dfa6481009e" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_ff106bf5-082b-8f58-cc36-c7f91866b7d3" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedStatementsOfEquity" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedStatementsOfIncome" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaap_CostsAndExpenses_8823ccfd-55af-348e-39a2-91433072d2c9" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CostOfGoodsAndServicesSold" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSold_1c65a201-fd8e-32d7-dad9-c6d1d5719594" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_8823ccfd-55af-348e-39a2-91433072d2c9" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSold_1c65a201-fd8e-32d7-dad9-c6d1d5719594" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_a698662c-5d68-9b87-98fe-02485cda58f8" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_8823ccfd-55af-348e-39a2-91433072d2c9" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_a698662c-5d68-9b87-98fe-02485cda58f8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherDepreciationAndAmortization" xlink:label="loc_us-gaap_OtherDepreciationAndAmortization_cad51b02-4985-8a39-fe32-340b8f368d21" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_CostsAndExpenses_8823ccfd-55af-348e-39a2-91433072d2c9" xlink:to="loc_us-gaap_OtherDepreciationAndAmortization_cad51b02-4985-8a39-fe32-340b8f368d21" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_4d7615b5-9ab5-8e33-2d33-f406eee209fc" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_8aa68cfb-2df7-9a23-d1ed-4fe33385b4a2" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_4d7615b5-9ab5-8e33-2d33-f406eee209fc" xlink:to="loc_us-gaap_ProfitLoss_8aa68cfb-2df7-9a23-d1ed-4fe33385b4a2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_8aa68cfb-2df7-9a23-d1ed-4fe33385b4a2" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ProfitLoss_8aa68cfb-2df7-9a23-d1ed-4fe33385b4a2" xlink:to="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_f5ae002e-8316-7bc0-1b41-6cd171b53db3" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_4d7615b5-9ab5-8e33-2d33-f406eee209fc" xlink:to="loc_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest_f5ae002e-8316-7bc0-1b41-6cd171b53db3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PreferredStockDividendsAndOtherAdjustments" xlink:label="loc_us-gaap_PreferredStockDividendsAndOtherAdjustments_1462a445-26c1-c50b-6d1d-6a030076b285" xlink:type="locator"/>
<link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_4d7615b5-9ab5-8e33-2d33-f406eee209fc" xlink:to="loc_us-gaap_PreferredStockDividendsAndOtherAdjustments_1462a445-26c1-c50b-6d1d-6a030076b285" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedStatementsOfIncomeCalc2" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ConsolidatedStatementsOfIncomeParenthetical" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/DocumentAndEntityInformation" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EarningsPerShare" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EarningsPerShareDetails" xlink:type="extended">
<link:loc xlink:href="kw-20181231.xsd#kw_UndistributedEarningsAvailableToCommonStockholdersBasicNetOfParticipatingSecurities" xlink:label="loc_kw_UndistributedEarningsAvailableToCommonStockholdersBasicNetOfParticipatingSecurities_2b9bf65f-130a-c2d0-25b6-dc3617daab67" xlink:type="locator"/>
<link:loc xlink:href="kw-20181231.xsd#kw_NetIncomeLossAvailableToCommonStockholdersBasicNetOfParticipatingSecurities" xlink:label="loc_kw_NetIncomeLossAvailableToCommonStockholdersBasicNetOfParticipatingSecurities_57cde484-d01d-a79e-35ea-dc36180ef83e" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_UndistributedEarningsAvailableToCommonStockholdersBasicNetOfParticipatingSecurities_2b9bf65f-130a-c2d0-25b6-dc3617daab67" xlink:to="loc_kw_NetIncomeLossAvailableToCommonStockholdersBasicNetOfParticipatingSecurities_57cde484-d01d-a79e-35ea-dc36180ef83e" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_4d7615b5-9ab5-8e33-2d33-f406eee209fc" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_NetIncomeLossAvailableToCommonStockholdersBasicNetOfParticipatingSecurities_57cde484-d01d-a79e-35ea-dc36180ef83e" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_4d7615b5-9ab5-8e33-2d33-f406eee209fc" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic" xlink:label="loc_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_99a0c3bc-34a1-8b51-6ee5-e06a6e8b94e6" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_NetIncomeLossAvailableToCommonStockholdersBasicNetOfParticipatingSecurities_57cde484-d01d-a79e-35ea-dc36180ef83e" xlink:to="loc_us-gaap_UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_99a0c3bc-34a1-8b51-6ee5-e06a6e8b94e6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DistributedEarnings" xlink:label="loc_us-gaap_DistributedEarnings_8f08cf54-38ce-9c9c-5031-2d7eb713f2b2" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_UndistributedEarningsAvailableToCommonStockholdersBasicNetOfParticipatingSecurities_2b9bf65f-130a-c2d0-25b6-dc3617daab67" xlink:to="loc_us-gaap_DistributedEarnings_8f08cf54-38ce-9c9c-5031-2d7eb713f2b2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="loc_us-gaap_EarningsPerShareBasic_2e12b455-2439-5ef9-0bdd-e47924f55d69" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EarningsPerShareBasicDistributed" xlink:label="loc_us-gaap_EarningsPerShareBasicDistributed_d482dbc2-dbfb-96de-2bc3-551ec3d0f8c9" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareBasic_2e12b455-2439-5ef9-0bdd-e47924f55d69" xlink:to="loc_us-gaap_EarningsPerShareBasicDistributed_d482dbc2-dbfb-96de-2bc3-551ec3d0f8c9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EarningsPerShareBasicUndistributed" xlink:label="loc_us-gaap_EarningsPerShareBasicUndistributed_382aa8bf-3e69-1879-189a-e24a4d158e39" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_EarningsPerShareBasic_2e12b455-2439-5ef9-0bdd-e47924f55d69" xlink:to="loc_us-gaap_EarningsPerShareBasicUndistributed_382aa8bf-3e69-1879-189a-e24a4d158e39" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EarningsPerShareTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/Equity" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EquityAccumulatedOtherComprehensiveIncomeDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EquityCommonStockRepurchaseProgramDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EquityDividendDistributionsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EquityKweAcquisitionDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EquityNoncontrollingInterestsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EquityTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/EquityTaxabilityOfDividendsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOption" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionCurrencyForwardContractsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionFairValueOfFinancialInstrumentsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionScheduleOfChangesInLevel3InvestmentsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionScheduleOfFairValueMeasurementsDetails" xlink:type="extended">
<link:loc xlink:href="kw-20181231.xsd#kw_AssetsLiabilitiesFairValueDisclosure" xlink:label="loc_kw_AssetsLiabilitiesFairValueDisclosure_ba55f5b1-c269-faac-ed14-dc36180981ff" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure_0004e474-ad81-0471-e3b7-e692b81ef230" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_AssetsLiabilitiesFairValueDisclosure_ba55f5b1-c269-faac-ed14-dc36180981ff" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure_0004e474-ad81-0471-e3b7-e692b81ef230" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_ShortTermInvestmentsFairValueDisclosure" xlink:label="loc_kw_ShortTermInvestmentsFairValueDisclosure_3f27db83-f9ae-b97c-bab9-dc36174cc7d4" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_AssetsLiabilitiesFairValueDisclosure_ba55f5b1-c269-faac-ed14-dc36180981ff" xlink:to="loc_kw_ShortTermInvestmentsFairValueDisclosure_3f27db83-f9ae-b97c-bab9-dc36174cc7d4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNet" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeNet_dabd3a0f-c374-778f-7e1d-31a01e3ae9fa" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_AssetsLiabilitiesFairValueDisclosure_ba55f5b1-c269-faac-ed14-dc36180981ff" xlink:to="loc_us-gaap_DerivativeFairValueOfDerivativeNet_dabd3a0f-c374-778f-7e1d-31a01e3ae9fa" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionScheduleOfFundsAndFairValueOptionInvestmentsSignificantInputsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/FairValueMeasurementsAndFairValueOptionUnconsolidatedInvestmentsDetails" xlink:type="extended">
<link:loc xlink:href="kw-20181231.xsd#kw_JointVentureInvestmentsRecordedAtFairValueFairValueDisclosure" xlink:label="loc_kw_JointVentureInvestmentsRecordedAtFairValueFairValueDisclosure_a4b4bda5-36ea-17b7-82d0-dc36179cc1ac" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherAssetsFairValueDisclosure" xlink:label="loc_us-gaap_OtherAssetsFairValueDisclosure_c7d77849-9e96-76d6-05ae-7bba21647963" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_JointVentureInvestmentsRecordedAtFairValueFairValueDisclosure_a4b4bda5-36ea-17b7-82d0-dc36179cc1ac" xlink:to="loc_us-gaap_OtherAssetsFairValueDisclosure_c7d77849-9e96-76d6-05ae-7bba21647963" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AlternativeInvestment" xlink:label="loc_us-gaap_AlternativeInvestment_17e794eb-fddc-1a34-ca2a-f04c687ade0d" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_JointVentureInvestmentsRecordedAtFairValueFairValueDisclosure_a4b4bda5-36ea-17b7-82d0-dc36179cc1ac" xlink:to="loc_us-gaap_AlternativeInvestment_17e794eb-fddc-1a34-ca2a-f04c687ade0d" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatements" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsCondensedConsolidatingBalanceSheetDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_96dd7052-744e-d270-4e77-67944ec39152" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_32f41ea9-05c6-e713-464b-586a571d1c1f" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_96dd7052-744e-d270-4e77-67944ec39152" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_32f41ea9-05c6-e713-464b-586a571d1c1f" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="loc_us-gaap_AccountsReceivableNet_76017261-aa07-deb3-a119-3ccb7898c700" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_96dd7052-744e-d270-4e77-67944ec39152" xlink:to="loc_us-gaap_AccountsReceivableNet_76017261-aa07-deb3-a119-3ccb7898c700" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="loc_us-gaap_NotesReceivableNet_edffac08-c4fd-5b58-bfd8-cb7d3227e37a" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_96dd7052-744e-d270-4e77-67944ec39152" xlink:to="loc_us-gaap_NotesReceivableNet_edffac08-c4fd-5b58-bfd8-cb7d3227e37a" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_3ce48387-be92-35f6-df23-5638d549b701" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_96dd7052-744e-d270-4e77-67944ec39152" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_3ce48387-be92-35f6-df23-5638d549b701" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_b07dd0b5-2d5b-0f23-dac6-48a6c9c4168f" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_96dd7052-744e-d270-4e77-67944ec39152" xlink:to="loc_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_b07dd0b5-2d5b-0f23-dac6-48a6c9c4168f" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_InvestmentsInAndAdvanceToConsolidatedAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="loc_kw_InvestmentsInAndAdvanceToConsolidatedAffiliatesSubsidiariesAssociatesAndJointVentures_ce75455c-ab58-8f65-203d-dc3617b1a554" xlink:type="locator"/>
<link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_96dd7052-744e-d270-4e77-67944ec39152" xlink:to="loc_kw_InvestmentsInAndAdvanceToConsolidatedAffiliatesSubsidiariesAssociatesAndJointVentures_ce75455c-ab58-8f65-203d-dc3617b1a554" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:type="locator"/>
<link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_Assets_96dd7052-744e-d270-4e77-67944ec39152" xlink:to="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsCondensedConsolidatingStatementsOfCashFlowsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:label="loc_us-gaap_ProceedsFromCollectionOfNotesReceivable_276d7be9-d5cb-9c17-81d2-e5e96b38fc07" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_ProceedsFromCollectionOfNotesReceivable_276d7be9-d5cb-9c17-81d2-e5e96b38fc07" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireMortgageNotesReceivable" xlink:label="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable_485ea07a-a8da-9fb7-bb12-c371eaed5997" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_PaymentsToAcquireMortgageNotesReceivable_485ea07a-a8da-9fb7-bb12-c371eaed5997" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForDepositsOnRealEstateAcquisitions" xlink:label="loc_us-gaap_PaymentsForDepositsOnRealEstateAcquisitions_1e440fe7-a89e-b027-277b-16dbc7757baf" xlink:type="locator"/>
<link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_PaymentsForDepositsOnRealEstateAcquisitions_1e440fe7-a89e-b027-277b-16dbc7757baf" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_3692941b-4285-fef3-ecd4-e6b1c7deab74" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_3692941b-4285-fef3-ecd4-e6b1c7deab74" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromDivestitureOfBusinesses" xlink:label="loc_us-gaap_ProceedsFromDivestitureOfBusinesses_7d6b637e-9be9-f4f4-5c87-bc166ca74817" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_ProceedsFromDivestitureOfBusinesses_7d6b637e-9be9-f4f4-5c87-bc166ca74817" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="loc_us-gaap_PaymentsToAcquireRealEstate_57e9a866-cd9a-2e73-166b-145a26e3e8cd" xlink:type="locator"/>
<link:calculationArc order="6" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_PaymentsToAcquireRealEstate_57e9a866-cd9a-2e73-166b-145a26e3e8cd" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_ee3fb709-d548-2ee3-f8d1-e07a929829cb" xlink:type="locator"/>
<link:calculationArc order="7" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_PaymentsToAcquireMarketableSecurities_ee3fb709-d548-2ee3-f8d1-e07a929829cb" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_501ceb78-782e-aec9-eff2-2bd0a073c870" xlink:type="locator"/>
<link:calculationArc order="8" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_501ceb78-782e-aec9-eff2-2bd0a073c870" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_ProceedsfromUnconsolidatedInvestmentsDividendsorDistributionsReturnofCapital" xlink:label="loc_kw_ProceedsfromUnconsolidatedInvestmentsDividendsorDistributionsReturnofCapital_689f887a-5751-dbb3-7863-7fe0f4ec7ab4" xlink:type="locator"/>
<link:calculationArc order="9" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_kw_ProceedsfromUnconsolidatedInvestmentsDividendsorDistributionsReturnofCapital_689f887a-5751-dbb3-7863-7fe0f4ec7ab4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="loc_us-gaap_PaymentsToAcquireEquityMethodInvestments_1db37fac-6ce5-5d1f-3f25-b01134e09873" xlink:type="locator"/>
<link:calculationArc order="10" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_PaymentsToAcquireEquityMethodInvestments_1db37fac-6ce5-5d1f-3f25-b01134e09873" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities_cd2751f5-2e79-f93c-3d3f-89c4c9dbbb9d" xlink:type="locator"/>
<link:calculationArc order="11" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_PaymentsForProceedsFromDerivativeInstrumentInvestingActivities_cd2751f5-2e79-f93c-3d3f-89c4c9dbbb9d" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForDerivativeInstrumentInvestingActivities" xlink:label="loc_us-gaap_PaymentsForDerivativeInstrumentInvestingActivities_3a19a388-b720-dcc3-dd30-71b003170ebe" xlink:type="locator"/>
<link:calculationArc order="12" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_PaymentsForDerivativeInstrumentInvestingActivities_3a19a388-b720-dcc3-dd30-71b003170ebe" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PaymentsForConstructionInProcess" xlink:label="loc_us-gaap_PaymentsForConstructionInProcess_11f58e9d-c490-fdc3-98d5-48857aa92a0a" xlink:type="locator"/>
<link:calculationArc order="13" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_PaymentsForConstructionInProcess_11f58e9d-c490-fdc3-98d5-48857aa92a0a" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ProceedsFromAdvancesForConstruction" xlink:label="loc_us-gaap_ProceedsFromAdvancesForConstruction_c3a1ca5a-17f5-5fe3-3acc-84124aae98fd" xlink:type="locator"/>
<link:calculationArc order="14" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_us-gaap_ProceedsFromAdvancesForConstruction_c3a1ca5a-17f5-5fe3-3acc-84124aae98fd" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_DistributionsFromInvestmentsInConsolidatedSubsidiariesNet" xlink:label="loc_kw_DistributionsFromInvestmentsInConsolidatedSubsidiariesNet_b6cb0ed9-f131-8b03-fa4c-dc36176c1ddd" xlink:type="locator"/>
<link:calculationArc order="15" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_28655e34-499f-b7bf-c54f-5de0990d0c65" xlink:to="loc_kw_DistributionsFromInvestmentsInConsolidatedSubsidiariesNet_b6cb0ed9-f131-8b03-fa4c-dc36176c1ddd" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsConsolidatedStatementOfComprehensiveIncomeDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsConsolidatingStatementOfIncomeDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="loc_us-gaap_CostsAndExpenses_8823ccfd-55af-348e-39a2-91433072d2c9" xlink:type="locator"/>
<link:calculationArc order="1" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_us-gaap_CostsAndExpenses_8823ccfd-55af-348e-39a2-91433072d2c9" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_IncomeLossFromUnconsolidatedInvestments" xlink:label="loc_kw_IncomeLossFromUnconsolidatedInvestments_82347435-7c88-8e8d-b160-dc361776b9ed" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_kw_IncomeLossFromUnconsolidatedInvestments_82347435-7c88-8e8d-b160-dc361776b9ed" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_IncomeLossFromConsolidatedSubsidiaries" xlink:label="loc_kw_IncomeLossFromConsolidatedSubsidiaries_c6337261-55d6-907f-9f6e-dc36173b5277" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_kw_IncomeLossFromConsolidatedSubsidiaries_c6337261-55d6-907f-9f6e-dc36173b5277" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainsLossesOnSalesOfInvestmentRealEstate" xlink:label="loc_us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_89d8a6a2-f26f-c30b-4869-ccad7000a444" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_us-gaap_GainsLossesOnSalesOfInvestmentRealEstate_89d8a6a2-f26f-c30b-4869-ccad7000a444" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainLossOnSaleOfBusiness" xlink:label="loc_us-gaap_GainLossOnSaleOfBusiness_1b571f63-90c7-8c54-8fc3-7d0175fc7e46" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_us-gaap_GainLossOnSaleOfBusiness_1b571f63-90c7-8c54-8fc3-7d0175fc7e46" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain" xlink:label="loc_us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain_6269872f-4842-52da-7d14-0a907dc5c9ab" xlink:type="locator"/>
<link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain_6269872f-4842-52da-7d14-0a907dc5c9ab" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts" xlink:label="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_4f09b019-1798-ea9c-e343-c24acb96b019" xlink:type="locator"/>
<link:calculationArc order="7" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_us-gaap_BusinessCombinationAcquisitionRelatedCosts_4f09b019-1798-ea9c-e343-c24acb96b019" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_a56b34b7-57ab-a07c-7f03-8366849a14f0" xlink:type="locator"/>
<link:calculationArc order="8" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_us-gaap_InterestExpense_a56b34b7-57ab-a07c-7f03-8366849a14f0" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="loc_us-gaap_OtherNonoperatingIncomeExpense_41e96f8d-e499-8de8-69a8-27f1c7d4df6e" xlink:type="locator"/>
<link:calculationArc order="9" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_us-gaap_OtherNonoperatingIncomeExpense_41e96f8d-e499-8de8-69a8-27f1c7d4df6e" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_1c604cfe-da19-5194-72b6-98be0130cfb7" xlink:type="locator"/>
<link:calculationArc order="10" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_4d8b6d19-6a54-06aa-2077-c10380bd20d1" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_1c604cfe-da19-5194-72b6-98be0130cfb7" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/GuarantorAndNonGuarantorFinancialStatementsTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/IncomeTaxes" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/IncomeTaxesAdditionalInformationDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/IncomeTaxesReconciliationOfStatutoryFederalIncomeTaxRateDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:label="loc_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_46fd3e47-b379-3d5b-dad7-1fdc5e88b67f" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_46fd3e47-b379-3d5b-dad7-1fdc5e88b67f" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" xlink:label="loc_us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_b8a6f67f-d570-db88-37fa-3568c826ebc5" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_b8a6f67f-d570-db88-37fa-3568c826ebc5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_2e521c71-adfb-ca01-5f8a-91ef5de0c792" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_2e521c71-adfb-ca01-5f8a-91ef5de0c792" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_EffectiveIncomeTaxRateReconciliationForeignPermanentDifferencesAmount" xlink:label="loc_kw_EffectiveIncomeTaxRateReconciliationForeignPermanentDifferencesAmount_200a1de4-135b-0b48-d3b5-7fe0fb91c0cb" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_kw_EffectiveIncomeTaxRateReconciliationForeignPermanentDifferencesAmount_200a1de4-135b-0b48-d3b5-7fe0fb91c0cb" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential" xlink:label="loc_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential_e9804aa2-0190-55cd-01a9-85d659cee6b2" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential_e9804aa2-0190-55cd-01a9-85d659cee6b2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense" xlink:label="loc_us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense_fe317df7-0725-5da2-f5a6-e3735697b6a6" xlink:type="locator"/>
<link:calculationArc order="6" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_IncomeTaxReconciliationMinorityInterestIncomeExpense_fe317df7-0725-5da2-f5a6-e3735697b6a6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes" xlink:label="loc_us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes_147896db-b2dd-402f-9f5b-8c57c745a45a" xlink:type="locator"/>
<link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes_147896db-b2dd-402f-9f5b-8c57c745a45a" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxReconciliationOtherAdjustments" xlink:label="loc_us-gaap_IncomeTaxReconciliationOtherAdjustments_7c88fa1f-0edb-d24c-9b87-0646da5010cf" xlink:type="locator"/>
<link:calculationArc order="8" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_IncomeTaxReconciliationOtherAdjustments_7c88fa1f-0edb-d24c-9b87-0646da5010cf" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxReconciliationNondeductibleExpense" xlink:label="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpense_dccbbcdf-3af2-54ab-0e51-b4372916415d" xlink:type="locator"/>
<link:calculationArc order="9" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_IncomeTaxReconciliationNondeductibleExpense_dccbbcdf-3af2-54ab-0e51-b4372916415d" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/IncomeTaxesScheduleOfBenefitFromProvisionForIncomeTaxesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ForeignIncomeTaxExpenseBenefitContinuingOperations" xlink:label="loc_us-gaap_ForeignIncomeTaxExpenseBenefitContinuingOperations_d68c483e-f3ab-fb39-7e83-ec3ca4f73610" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_ForeignIncomeTaxExpenseBenefitContinuingOperations_d68c483e-f3ab-fb39-7e83-ec3ca4f73610" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CurrentForeignTaxExpenseBenefit" xlink:label="loc_us-gaap_CurrentForeignTaxExpenseBenefit_bbb5a6cc-fe5e-18f1-e9f0-76884d58b714" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ForeignIncomeTaxExpenseBenefitContinuingOperations_d68c483e-f3ab-fb39-7e83-ec3ca4f73610" xlink:to="loc_us-gaap_CurrentForeignTaxExpenseBenefit_bbb5a6cc-fe5e-18f1-e9f0-76884d58b714" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredForeignIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_840ca4a2-1542-fad2-992c-40136594b396" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_ForeignIncomeTaxExpenseBenefitContinuingOperations_d68c483e-f3ab-fb39-7e83-ec3ca4f73610" xlink:to="loc_us-gaap_DeferredForeignIncomeTaxExpenseBenefit_840ca4a2-1542-fad2-992c-40136594b396" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_StateAndLocalIncomeTaxExpenseBenefitContinuingOperations" xlink:label="loc_us-gaap_StateAndLocalIncomeTaxExpenseBenefitContinuingOperations_c7d47e03-304c-5a55-c94e-91d267a418e3" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_StateAndLocalIncomeTaxExpenseBenefitContinuingOperations_c7d47e03-304c-5a55-c94e-91d267a418e3" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:label="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_4d365c95-da3d-c3cb-6f6b-7945d285af9f" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StateAndLocalIncomeTaxExpenseBenefitContinuingOperations_c7d47e03-304c-5a55-c94e-91d267a418e3" xlink:to="loc_us-gaap_CurrentStateAndLocalTaxExpenseBenefit_4d365c95-da3d-c3cb-6f6b-7945d285af9f" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_10aa09ac-60b4-bd88-6c3b-c85b3f0fbf0a" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_StateAndLocalIncomeTaxExpenseBenefitContinuingOperations_c7d47e03-304c-5a55-c94e-91d267a418e3" xlink:to="loc_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_10aa09ac-60b4-bd88-6c3b-c85b3f0fbf0a" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations" xlink:label="loc_us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_d5a8f60f-f2fd-24db-0c88-3cb13df436cd" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeTaxExpenseBenefit_97bbae57-7f84-4da9-acab-610e56204929" xlink:to="loc_us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_d5a8f60f-f2fd-24db-0c88-3cb13df436cd" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_CurrentFederalTaxExpenseBenefit" xlink:label="loc_us-gaap_CurrentFederalTaxExpenseBenefit_b975ff9b-a11f-f2b5-e104-e0266dbbbfc6" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_d5a8f60f-f2fd-24db-0c88-3cb13df436cd" xlink:to="loc_us-gaap_CurrentFederalTaxExpenseBenefit_b975ff9b-a11f-f2b5-e104-e0266dbbbfc6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:label="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_650e6c8f-1409-4de1-126f-784909f82e64" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations_d5a8f60f-f2fd-24db-0c88-3cb13df436cd" xlink:to="loc_us-gaap_DeferredFederalIncomeTaxExpenseBenefit_650e6c8f-1409-4de1-126f-784909f82e64" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/IncomeTaxesScheduleOfDeferredTaxAssetsAndLiabilitiesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="loc_us-gaap_DeferredTaxLiabilities_cee36967-7b64-56b0-03ea-66fbd4d14899" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="loc_us-gaap_DeferredTaxAssetsNet_476b367a-1ad6-eb34-c01b-595b754b8aa8" xlink:type="locator"/>
<link:calculationArc order="1" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxLiabilities_cee36967-7b64-56b0-03ea-66fbd4d14899" xlink:to="loc_us-gaap_DeferredTaxAssetsNet_476b367a-1ad6-eb34-c01b-595b754b8aa8" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsNet_476b367a-1ad6-eb34-c01b-595b754b8aa8" xlink:to="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals_3e8259e4-f50c-f014-e08e-1363b80d4e32" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals_3e8259e4-f50c-f014-e08e-1363b80d4e32" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost" xlink:label="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_187bb760-9cde-c4af-d9e1-306e7a6330eb" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:to="loc_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost_187bb760-9cde-c4af-d9e1-306e7a6330eb" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwards" xlink:label="loc_kw_DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwards_097389c3-33ec-da02-b47a-7fe0f5aa41df" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:to="loc_kw_DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwards_097389c3-33ec-da02-b47a-7fe0f5aa41df" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsUnrealizedCurrencyLosses" xlink:label="loc_us-gaap_DeferredTaxAssetsUnrealizedCurrencyLosses_561df3fc-2b9a-9e30-0171-96699f878c4e" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:to="loc_us-gaap_DeferredTaxAssetsUnrealizedCurrencyLosses_561df3fc-2b9a-9e30-0171-96699f878c4e" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross" xlink:label="loc_us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross_94fe9049-2d72-38a2-6065-a95842715b1a" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:to="loc_us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross_94fe9049-2d72-38a2-6065-a95842715b1a" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsHedgingTransactions" xlink:label="loc_us-gaap_DeferredTaxAssetsHedgingTransactions_dda7e457-18d7-ccee-9113-b1d4ed72c23e" xlink:type="locator"/>
<link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:to="loc_us-gaap_DeferredTaxAssetsHedgingTransactions_dda7e457-18d7-ccee-9113-b1d4ed72c23e" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_DeferredTaxAssetsInvestmentBasisDifference" xlink:label="loc_kw_DeferredTaxAssetsInvestmentBasisDifference_6A7543980F82362AEAC621001A3DD833" xlink:type="locator"/>
<link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsGross_d91ede05-f13f-9c89-cfbf-3dfb1dd1a1a6" xlink:to="loc_kw_DeferredTaxAssetsInvestmentBasisDifference_6A7543980F82362AEAC621001A3DD833" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="loc_us-gaap_DeferredTaxAssetsValuationAllowance_d9af76c3-a64a-3b37-1d7d-4e9be8c70af6" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxAssetsNet_476b367a-1ad6-eb34-c01b-595b754b8aa8" xlink:to="loc_us-gaap_DeferredTaxAssetsValuationAllowance_d9af76c3-a64a-3b37-1d7d-4e9be8c70af6" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="loc_us-gaap_DeferredIncomeTaxLiabilities_5ca8e732-540c-5527-8ee3-c835dafc5838" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredTaxLiabilities_cee36967-7b64-56b0-03ea-66fbd4d14899" xlink:to="loc_us-gaap_DeferredIncomeTaxLiabilities_5ca8e732-540c-5527-8ee3-c835dafc5838" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxLiabilitiesDerivatives" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesDerivatives_662b404a-a1c6-da1e-8261-31fc23d056f2" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_5ca8e732-540c-5527-8ee3-c835dafc5838" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesDerivatives_662b404a-a1c6-da1e-8261-31fc23d056f2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxLiabilitiesPrepaidExpenses" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesPrepaidExpenses_bf91fc79-ffa7-5391-a432-8fad97ca53a5" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_5ca8e732-540c-5527-8ee3-c835dafc5838" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesPrepaidExpenses_bf91fc79-ffa7-5391-a432-8fad97ca53a5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredTaxLiabilitiesDeferredExpenseCapitalizedInterest" xlink:label="loc_us-gaap_DeferredTaxLiabilitiesDeferredExpenseCapitalizedInterest_924d769f-124f-7594-e6b5-12533b7f040c" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_5ca8e732-540c-5527-8ee3-c835dafc5838" xlink:to="loc_us-gaap_DeferredTaxLiabilitiesDeferredExpenseCapitalizedInterest_924d769f-124f-7594-e6b5-12533b7f040c" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_DeferredTaxLiabilitiesInvestmentBasisAndReserveDifferences" xlink:label="loc_kw_DeferredTaxLiabilitiesInvestmentBasisAndReserveDifferences_7D59E53EB155CE8F81462101A05DB2AA" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_5ca8e732-540c-5527-8ee3-c835dafc5838" xlink:to="loc_kw_DeferredTaxLiabilitiesInvestmentBasisAndReserveDifferences_7D59E53EB155CE8F81462101A05DB2AA" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_DeferredTaxLiabilitiesDepreciationAndAmortization" xlink:label="loc_kw_DeferredTaxLiabilitiesDepreciationAndAmortization_785ADAE2B7B1EE0298452102B9FE7826" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DeferredIncomeTaxLiabilities_5ca8e732-540c-5527-8ee3-c835dafc5838" xlink:to="loc_kw_DeferredTaxLiabilitiesDepreciationAndAmortization_785ADAE2B7B1EE0298452102B9FE7826" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/IncomeTaxesScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_19dfad62-5a43-dcc4-04a8-012732c1ed97" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_e6f9d43e-fcd6-745d-b634-9ed4792095b2" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_19dfad62-5a43-dcc4-04a8-012732c1ed97" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic_e6f9d43e-fcd6-745d-b634-9ed4792095b2" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign_a4e74316-f31b-80bc-a44a-3464e9dcdb33" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_19dfad62-5a43-dcc4-04a8-012732c1ed97" xlink:to="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign_a4e74316-f31b-80bc-a44a-3464e9dcdb33" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/IncomeTaxesTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KwUnsecuredDebt" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KwUnsecuredDebtBorrowingsUnderCreditFacilitiesDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KwUnsecuredDebtScheduleOfUnsecuredDebtDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KwUnsecuredDebtSeniorNotesDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KwUnsecuredDebtTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KweUnsecuredBonds" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KweUnsecuredBondsAdditionalInformationDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KweUnsecuredBondsScheduleOfKweUnsecuredBondsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/KweUnsecuredBondsTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/LoanPurchasesAndOriginations" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/LoanPurchasesAndOriginationsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/MortgageDebt" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/MortgageDebtMortgageDebtAdditionalInformationDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/MortgageDebtScheduleOfMaturitiesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_88b8f1df-ff6f-5cd6-e45f-5878f70c11d5" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_88b8f1df-ff6f-5cd6-e45f-5878f70c11d5" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_066b660a-448e-2231-826a-dc3617658911" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_88b8f1df-ff6f-5cd6-e45f-5878f70c11d5" xlink:to="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_066b660a-448e-2231-826a-dc3617658911" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearTwo_0ef4146e-d3d1-a53d-d2b6-dc3617a10742" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_88b8f1df-ff6f-5cd6-e45f-5878f70c11d5" xlink:to="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearTwo_0ef4146e-d3d1-a53d-d2b6-dc3617a10742" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearThree_113e9103-2627-a343-e47d-dc3617c11720" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_88b8f1df-ff6f-5cd6-e45f-5878f70c11d5" xlink:to="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearThree_113e9103-2627-a343-e47d-dc3617c11720" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearFour_3daabab5-6526-dda9-2ae8-dc36178577ed" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_88b8f1df-ff6f-5cd6-e45f-5878f70c11d5" xlink:to="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearFour_3daabab5-6526-dda9-2ae8-dc36178577ed" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearFive_77018c3c-9530-984f-53b5-dc3617283e65" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_88b8f1df-ff6f-5cd6-e45f-5878f70c11d5" xlink:to="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalInYearFive_77018c3c-9530-984f-53b5-dc3617283e65" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalAfterYearFive_b5f8bc3a-0825-6f4d-f5f3-dc3617fd09c9" xlink:type="locator"/>
<link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_DebtInstrumentCarryingAmount_88b8f1df-ff6f-5cd6-e45f-5878f70c11d5" xlink:to="loc_kw_LongTermDebtGrossMaturitiesRepaymentsOfPrincipalAfterYearFive_b5f8bc3a-0825-6f4d-f5f3-dc3617fd09c9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DebtInstrumentUnamortizedPremium" xlink:label="loc_us-gaap_DebtInstrumentUnamortizedPremium_a74afae2-e81f-3daa-f69f-7c95c5fb0f37" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:to="loc_us-gaap_DebtInstrumentUnamortizedPremium_a74afae2-e81f-3daa-f69f-7c95c5fb0f37" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_450782c6-2839-854f-cd33-795c87a08ecc" xlink:type="locator"/>
<link:calculationArc order="3" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_450782c6-2839-854f-cd33-795c87a08ecc" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/MortgageDebtScheduleOfMortgageDebtDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_LongTermDebt" xlink:label="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:type="locator"/>
<link:loc xlink:href="kw-20181231.xsd#kw_LongTermDebtNetOfPremiumDiscount" xlink:label="loc_kw_LongTermDebtNetOfPremiumDiscount_1824ebde-a9d6-9f24-95e5-dc3617fb264e" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:to="loc_kw_LongTermDebtNetOfPremiumDiscount_1824ebde-a9d6-9f24-95e5-dc3617fb264e" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_450782c6-2839-854f-cd33-795c87a08ecc" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_LongTermDebt_80dca0ba-44dc-8565-fb9b-c2edfc8c357d" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_450782c6-2839-854f-cd33-795c87a08ecc" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/MortgageDebtTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/Organization" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/OtherAssets" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/OtherAssetsDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DevelopmentInProcess" xlink:label="loc_us-gaap_DevelopmentInProcess_2c1627e8-c0f4-3205-6051-a0add29e5773" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_DevelopmentInProcess_2c1627e8-c0f4-3205-6051-a0add29e5773" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredRentReceivablesNet" xlink:label="loc_us-gaap_DeferredRentReceivablesNet_d70a5391-4bf0-483b-36fe-a2dbfb37ea7b" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_DeferredRentReceivablesNet_d70a5391-4bf0-483b-36fe-a2dbfb37ea7b" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_831ad0b9-9dba-3997-20e6-e99a19aa28db" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_Goodwill_831ad0b9-9dba-3997-20e6-e99a19aa28db" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PrepaidExpenseCurrentAndNoncurrent" xlink:label="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_6576f39d-8ad7-c1e1-0d5f-2a115ee0b7d5" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_PrepaidExpenseCurrentAndNoncurrent_6576f39d-8ad7-c1e1-0d5f-2a115ee0b7d5" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredCostsAndOtherAssets" xlink:label="loc_us-gaap_DeferredCostsAndOtherAssets_8f6d83c3-4a04-e11a-49d0-ea65371fc488" xlink:type="locator"/>
<link:calculationArc order="5" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_DeferredCostsAndOtherAssets_8f6d83c3-4a04-e11a-49d0-ea65371fc488" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DeferredCostsLeasingNet" xlink:label="loc_us-gaap_DeferredCostsLeasingNet_f29a9b4b-b880-5bd3-8540-71171dbcd332" xlink:type="locator"/>
<link:calculationArc order="6" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_DeferredCostsLeasingNet_f29a9b4b-b880-5bd3-8540-71171dbcd332" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_MarketableSecurities" xlink:label="loc_us-gaap_MarketableSecurities_b0d2564e-70dc-1aa5-5410-b2c63a94f027" xlink:type="locator"/>
<link:calculationArc order="7" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_MarketableSecurities_b0d2564e-70dc-1aa5-5410-b2c63a94f027" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_ValueAddedTaxReceivable" xlink:label="loc_us-gaap_ValueAddedTaxReceivable_a14ca454-c875-b339-0beb-0b7e278af78e" xlink:type="locator"/>
<link:calculationArc order="8" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_ValueAddedTaxReceivable_a14ca454-c875-b339-0beb-0b7e278af78e" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DepositAssets" xlink:label="loc_us-gaap_DepositAssets_9a80b5ce-2cef-c44b-d1eb-e80322a416a9" xlink:type="locator"/>
<link:calculationArc order="9" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_DepositAssets_9a80b5ce-2cef-c44b-d1eb-e80322a416a9" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_082aa8c2-a051-1bb7-d441-a6d93b3f45f4" xlink:type="locator"/>
<link:calculationArc order="10" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_DerivativeAssets_082aa8c2-a051-1bb7-d441-a6d93b3f45f4" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetsNet_d3bdc20c-5c58-6be6-d756-0ace6a97f212" xlink:type="locator"/>
<link:calculationArc order="11" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetsNet_d3bdc20c-5c58-6be6-d756-0ace6a97f212" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="loc_us-gaap_PropertyPlantAndEquipmentNet_f37ad080-c77a-efc5-c936-389b16abc420" xlink:type="locator"/>
<link:calculationArc order="12" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_OtherAssets_806083e9-63fa-5acf-a0c8-803a67715508" xlink:to="loc_us-gaap_PropertyPlantAndEquipmentNet_f37ad080-c77a-efc5-c936-389b16abc420" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/OtherAssetsTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValue" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueConsolidatedOfPreviouslyUnconsolidatedInvestmentsNarrativeDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueDeconsolidationOfPreviouslyConsolidatedRealEstateDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueGainsOnRealEstateDetails" xlink:type="extended">
<link:loc xlink:href="kw-20181231.xsd#kw_GainLossOnSaleOfPropertiesAttributableToParent" xlink:label="loc_kw_GainLossOnSaleOfPropertiesAttributableToParent_3a05e3cd-a018-29a8-17a6-dc361783977d" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="loc_us-gaap_GainLossOnSaleOfProperties_5e7235c9-7f67-a14a-b112-307ce793db31" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_GainLossOnSaleOfPropertiesAttributableToParent_3a05e3cd-a018-29a8-17a6-dc361783977d" xlink:to="loc_us-gaap_GainLossOnSaleOfProperties_5e7235c9-7f67-a14a-b112-307ce793db31" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_GainLossOnSaleOfPropertiesAttributableToNoncontrollingInterest" xlink:label="loc_kw_GainLossOnSaleOfPropertiesAttributableToNoncontrollingInterest_637009b3-77d4-fd25-7e75-dc36175ef2e4" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_GainLossOnSaleOfPropertiesAttributableToParent_3a05e3cd-a018-29a8-17a6-dc361783977d" xlink:to="loc_kw_GainLossOnSaleOfPropertiesAttributableToNoncontrollingInterest_637009b3-77d4-fd25-7e75-dc36175ef2e4" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueGuaranteesDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueScheduleOfAcquisitionsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueScheduleOfAssetsAndLiabilitiesAssumedAndAcquisitionRelatedGainsRecognizedDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueScheduleOfInvestmentsInConsolidatedPropertiesDetails" xlink:type="extended">
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_3ce48387-be92-35f6-df23-5638d549b701" xlink:type="locator"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_e5f265a6-6f01-80b3-cf33-6f443f269c8b" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyNet_3ce48387-be92-35f6-df23-5638d549b701" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_e5f265a6-6f01-80b3-cf33-6f443f269c8b" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_Land" xlink:label="loc_us-gaap_Land_db14e221-1e49-5bf4-7e11-e421a92d7589" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyAtCost_e5f265a6-6f01-80b3-cf33-6f443f269c8b" xlink:to="loc_us-gaap_Land_db14e221-1e49-5bf4-7e11-e421a92d7589" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_InvestmentBuildings" xlink:label="loc_kw_InvestmentBuildings_5bc28707-a36e-e6c5-2c31-dc36175fe4ec" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyAtCost_e5f265a6-6f01-80b3-cf33-6f443f269c8b" xlink:to="loc_kw_InvestmentBuildings_5bc28707-a36e-e6c5-2c31-dc36175fe4ec" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_InvestmentBuildingsImprovements" xlink:label="loc_kw_InvestmentBuildingsImprovements_e84e317d-ab2e-db8c-b586-dc3617451502" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyAtCost_e5f265a6-6f01-80b3-cf33-6f443f269c8b" xlink:to="loc_kw_InvestmentBuildingsImprovements_e84e317d-ab2e-db8c-b586-dc3617451502" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases" xlink:label="loc_us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases_05a2996e-3200-36e0-4fb6-9a30bdb0a636" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyAtCost_e5f265a6-6f01-80b3-cf33-6f443f269c8b" xlink:to="loc_us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases_05a2996e-3200-36e0-4fb6-9a30bdb0a636" xlink:type="arc"/>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_4416a424-085c-1756-428e-8350c7c84171" xlink:type="locator"/>
<link:calculationArc order="2" weight="-1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_us-gaap_RealEstateInvestmentPropertyNet_3ce48387-be92-35f6-df23-5638d549b701" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_4416a424-085c-1756-428e-8350c7c84171" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RealEstateAndAcquiredInPlaceLeaseValueTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RelatedPartyTransactions" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/RelatedPartyTransactionsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciation" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationChangesInAccumulatedDepreciationRollforwardDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationChangesInRealEstateRollforwardDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ScheduleIvMortgageLoansOnRealEstate" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ScheduleIvMortgageLoansOnRealEstateActivityForYearDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/ScheduleIvMortgageLoansOnRealEstateDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/SegmentInformation" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/SegmentInformationRevenueByGeographicalRegionDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/SegmentInformationSegmentInformationBySegmentDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/SegmentInformationTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/StockCompensationPlans" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/StockCompensationPlansAdditionalInformationDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/StockCompensationPlansScheduleOfActivityUnderNewEquityPlanDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/StockCompensationPlansTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/SubsequentEvents" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/SubsequentEventsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnauditedQuarterlyInformation" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnauditedQuarterlyInformationDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnauditedQuarterlyInformationTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestments" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsCapitalCommitmentsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsChangesInControlDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsContributionsToJointVenturesDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsDistributionsFromJointVenturesDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsIncomeFromUnconsolidatedInvestmentsDetails" xlink:type="extended">
<link:loc xlink:href="kw-20181231.xsd#kw_InvestmentinLoanPoolPortfolioAccretionInterestIncomeRecognized" xlink:label="loc_kw_InvestmentinLoanPoolPortfolioAccretionInterestIncomeRecognized_13d1b7d0-5015-561b-e6bf-7fe0fc5a5897" xlink:type="locator"/>
<link:loc xlink:href="kw-20181231.xsd#kw_IncomeLossFromEquityMethodInvestmentsIncludingUnrealizedGainOnFairValueOption" xlink:label="loc_kw_IncomeLossFromEquityMethodInvestmentsIncludingUnrealizedGainOnFairValueOption_726d02e1-9137-6f73-296f-7fe0fc855bdd" xlink:type="locator"/>
<link:calculationArc order="1" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_InvestmentinLoanPoolPortfolioAccretionInterestIncomeRecognized_13d1b7d0-5015-561b-e6bf-7fe0fc5a5897" xlink:to="loc_kw_IncomeLossFromEquityMethodInvestmentsIncludingUnrealizedGainOnFairValueOption_726d02e1-9137-6f73-296f-7fe0fc855bdd" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_GainLossOnEquityMethodInvestments" xlink:label="loc_kw_GainLossOnEquityMethodInvestments_0ee7ff54-2e0b-880f-4605-dc361727feac" xlink:type="locator"/>
<link:calculationArc order="2" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_InvestmentinLoanPoolPortfolioAccretionInterestIncomeRecognized_13d1b7d0-5015-561b-e6bf-7fe0fc5a5897" xlink:to="loc_kw_GainLossOnEquityMethodInvestments_0ee7ff54-2e0b-880f-4605-dc361727feac" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_IncomeLossFromUnconsolidatedInvestmentsPerformanceFees" xlink:label="loc_kw_IncomeLossFromUnconsolidatedInvestmentsPerformanceFees_DAA7314E8A97F5779FEFBF7AAE7D2ACD" xlink:type="locator"/>
<link:calculationArc order="3" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_InvestmentinLoanPoolPortfolioAccretionInterestIncomeRecognized_13d1b7d0-5015-561b-e6bf-7fe0fc5a5897" xlink:to="loc_kw_IncomeLossFromUnconsolidatedInvestmentsPerformanceFees_DAA7314E8A97F5779FEFBF7AAE7D2ACD" xlink:type="arc"/>
<link:loc xlink:href="kw-20181231.xsd#kw_InvestmentInLoanPoolPortfolioAccretableYieldAccretionInterestIncomeRecognized" xlink:label="loc_kw_InvestmentInLoanPoolPortfolioAccretableYieldAccretionInterestIncomeRecognized_e0372476-ade4-7e7f-ce80-7fe0fc3969e1" xlink:type="locator"/>
<link:calculationArc order="4" weight="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_kw_InvestmentinLoanPoolPortfolioAccretionInterestIncomeRecognized_13d1b7d0-5015-561b-e6bf-7fe0fc5a5897" xlink:to="loc_kw_InvestmentInLoanPoolPortfolioAccretableYieldAccretionInterestIncomeRecognized_e0372476-ade4-7e7f-ce80-7fe0fc3969e1" xlink:type="arc"/>
</link:calculationLink>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsJointVentureHoldingsDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsMeyersResearchSaleDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsPerformanceFeesDetails" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsTables" xlink:type="extended"/>
<link:calculationLink xlink:role="http://www.kennedywilson.com/role/UnconsolidatedInvestmentsVintageHousingHoldingsDetails" xlink:type="extended"/>
</link:linkbase>


6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/10/21  Kennedy-Wilson Holdings, Inc.     424B5                  1:1.1M                                   Donnelley … Solutions/FA
 8/09/21  Kennedy-Wilson Holdings, Inc.     424B5                  1:1.1M                                   Donnelley … Solutions/FA
 3/02/21  Kennedy-Wilson Holdings, Inc.     424B5                  1:1M                                     Donnelley … Solutions/FA
 3/01/21  Kennedy-Wilson Holdings, Inc.     424B5                  1:1M                                     Donnelley … Solutions/FA
 1/29/21  Kennedy-Wilson Holdings, Inc.     424B5                  1:1.1M                                   Donnelley … Solutions/FA
 1/27/21  Kennedy-Wilson Holdings, Inc.     424B5                  1:1.1M                                   Donnelley … Solutions/FA
Top
Filing Submission 0001408100-19-000051   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Thu., May 16, 1:49:27.1pm ET