90 North extends network with opening of Malaysian representative office
Independent property advisory firm 90 North has announced that it is to extend its operation with the opening of its latest office in the Malaysian capital of Kuala Lumpur. The company has received official approval for the representative office from the Malaysian Investment and Development Authority, clearing the way for its opening.
Philip Churchill, Founder and Managing Partner, commented, “To date, the lion’s share of our invested funds have come from the Middle East, but we are opening this new office in response to the huge interest that is presently being shown in European and American property by investors from Malaysia and the surrounding regions. The investments that we have made over the last three years have shown excellent returns and this, combined with the fact that we share the risk with our investors by investing ourselves and sharing the fees, makes our business model very attractive.”
The opening of the new office comes hot on the heels of the opening of the Chicago office in 2014. Nick Judd, Founder and Head of Investment said, “With the opening of each new base, our philosophy is to maximise opportunities by working with country partners who know and understand the local market. Our American office has stormed out of the traps, and since opening mid 2014 has already advised on transactions in excess of £105m, the latest of these being a sale and leaseback to Continental Automotive in suburban Chicago.”
Since it began operations in 2012, 90 North has closed transactions across Europe and North America rapidly approaching £500m.