• 10/6/2021

    Press Release – 90 North Completes $100M+ Recapitalisation of Bon Secours Mercy Health Headquarters

    90 North is delighted to announce that it has completed the equity and debt recapitalisation of Bon Secours Mercy Health’s headquarters outside Cincinnati, Ohio. Originally purchased in May 2017 with Saudi Arabian investors, the merger between Bon Secours and Mercy Health required expansion at the property, with 90 North working with the tenant to fund […]

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  • 12/5/2021

    Viewpoint – Buying offices with NEDS

    Just as 90 North, along with innumerable other companies, start making plans to return to the office, talk of the death of the sector has been rather overplayed. Large multinationals grab the headlines with their plans for remote working, and perhaps I’d be doing the same if I had their rent bill! But, as far […]

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  • 13/4/2021

    Press Release – Return to Work Offices Secure WELL Health-Safety Ratings

    90 North is delighted to announce that two of our US properties have achieved WELL Health-Safety ratings. The Reserve at Deer Park, Chicago and General Electric HQ, Cincinnati have both received the rating due to their excellent preparation for re-entry in a post Covid-19 environment and into the future, instilling confidence and trust in occupants […]

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  • 10/2/2021

    Viewpoint – Revisiting 2021

    In my eight years as the IFN Real Estate Correspondent, I have never felt the need to revisit my IFN Annual Guide — Real Estate chapter so early in the new year to confirm whether my predictions were still on track. But with January having passed by in a flash and with COVID-19 on the […]

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  • 29/1/2021

    Press Release – £1 Million Retail Letting Success

    Against a backdrop of what is an undoubtedly very difficult time for UK retailers, 90 North is delighted to announce that it has closed new or extended leases worth £1 million in annual rent. These leases have been concluded over the last three months across our Canterbury, Kidderminster and Sheffield properties, and with tenants that […]

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  • 14/1/2021

    Press Release – New Year Promotions

    90 North is delighted to announce promotions for two members of our UK team. Henry Hartigan is now Finance Manager, and Oli Dee-Shapland now Investment Associate. Both have been with 90 North for around two years, and have sustained the Passion, Precision and Perseverance that we admire in our team. Congratulations to them both.

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  • 6/1/2021

    Viewpoint – Real estate: An enduring appeal

    Shariah compliant real estate investment has long been an established product offering for Islamic investment managers. Perhaps now more than ever, the allure of bricks and mortar remains, as investors seek an attractive income component ahead of what can be achieved with other investments. Real estate suits Shariah compliant investing well with a genuine business […]

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  • 22/12/2020

    Press Release – 90 North Bolsters Asset Management Team

    90 North is delighted to announce that George Salisbury has joined as an Associate within its United Kingdom and Continental Europe asset management team. This recruitment was made in response to the increased demands of managing properties during COVID-19 and growing assets under management, including new student accommodation properties in Edinburgh and Leicester. George is […]

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  • 16/12/2020

    Viewpoint – Sustainable legacy

    I recently caught up with UBS’s Global Family Office Report 2020 which provided some fascinating conclusions with respect to how the world’s largest family offices responded to the COVID-19 pandemic and their future investment plans, particularly as they relate to both real estate and sustainable investing. Undertaken during the second quarter of 2020, UBS’s survey […]

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  • 11/11/2020

    Viewpoint – Putting the ‘real’ back into real estate

    I wrote last month on how sheds remain flavour of the month, or perhaps that should be flavour of the year, with most having in mind a shiny Amazon fulfilment center filled with automated activity. But I want to burst that bubble and make the case for good honest industrial properties that have been swept […]

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  • 5/11/2020

    Press Release – Logical Position Takes Occupancy of Full Floor at The Reserve at Deer Park

    Logical Position has taken occupancy of a 43,000-square-foot, full floor of space at The Reserve at Deer Park in a transaction that underscores the importance of staying ahead of pandemic-related headwinds in today’s office market. The Portland, OR-based digital marketing agency is the first tenant in a newly repositioned section of the 352,966-sf Class A […]

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  • 8/10/2020

    Viewpoint – Beds, meds, sheds and TEDs

    Direct real estate investment is not a short-term game, with the transaction costs, not least from taxes, making short-term gains unlikely and encouraging at least a three- to five year hold, frequently considerably longer. And so, against a backdrop of the coronavirus pandemic and political uncertainty, those of us in the investment management world are […]

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  • 16/9/2020

    Viewpoint – Dodging distress in the new normal

    It was a different summer in many ways this year, including continued investor activity during a period when most would have been taking some time off overseas. However, there has still been a noticeable uptick in interest since the start of September, with both a realisation that the end of the year is fast approaching […]

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  • 10/9/2020

    Viewpoint – Dutch Office Technology Leading the Wellbeing Revolution

    Our Head of Continental Europe, Lisa Amin, shares her thoughts on Dutch offices and how they are leading the way in healthier more sustainable workspaces. We believe it is still too early to be certain about the long-term impact COVID-19 will have on the office sector and work behaviour; however it seems unlikely the new […]

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  • 13/8/2020

    Viewpoint – US Real Estate Investment – Inspiration from the Open Road

    Our Head of North America, Dan Cooper, takes inspiration from his summer travels to revisit the key attributes he looks for in a real estate investment, particularly during a Covid-19 economy. For those that know me, while an optimist personally, I get paid to be prudent, evaluate risk, invest, create value and realise returns; therefore, […]

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  • 15/7/2020

    Viewpoint – New growth

    As most of us find ourselves coming out of lockdown and determining what the ‘new normal’ will look like, I want to share some evidence of new growth in our Shariah compliant real estate portfolio. Working under the restrictions imposed by the state of Ohio, work has continued to fit out a 43,000 square foot […]

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  • 12/6/2020

    Press Release – Cincinnati Business Journal – Ensemble Health Partner’s HQ purchased in the middle of Covid-19 pandemic

    A joint venture between a London-based real estate investment firm and a Kuwait-based investment company has purchased Ensemble Health Partner’s new Blue Ash headquarters. Blue Ash Funding Co. LLC, a joint venture between 90 North Real Estate Partners and Rasameel Investment Co. purchased the 400,000-square-foot campus at 11511 Reed Hartman Highway from Mercy Health last […]

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  • 11/6/2020

    Viewpoint – Closing during COVID-19

    In recent articles, I have covered the practicalities of conducting due diligence during a lockdown and my observation that COVID-19 is accelerating human behavioural changes that were already advancing, but now I can share my experiences from recent closings of acquisitions. For during the second half of May we did just that, both in the […]

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  • 10/6/2020

    Press Release – 90 North: Closing During Covid

    90 North has successfully closed $120 million of US and UK acquisitions in the last few weeks, showing its resilience during this Covid-19 pandemic. US Office Headquarters – Ensemble Health Partners HQ, Cincinnati: Redeveloped 400,000 sq.ft headquarters. Tenant has signed a new long term lease. Commercial terms were re-structured with the seller to accommodate any delays […]

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  • 15/5/2020

    Viewpoint – Catalyst for change

    I was privileged to be asked to join a private webinar by one of our Middle Eastern investors last week, which provided the opportunity for its external equities advisor to share his thoughts on the markets during this COVID-19 pandemic. It is healthy to step out of your own world from time to time and […]

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  • 14/5/2020

    Viewpoint – Islamic real estate industry continues to have much to contribute to investors

    Shariah compliant real estate investment has long been an established product offering for Islamic investment managers. The allure of bricks and mortar remains, frequently with an attractive income component compared to equities or Sukuk. While tenant use of course needs to be monitored, the basics of real estate investment suit Shariah principles well, with a […]

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  • 20/4/2020

    Press Release – 90 North Delivers on Abbott Nutrition Business Plan

    90 North Real Estate Partners LLC (“90 North”) is delighted to report the sale of Abbott Nutrition Headquarters in Columbus, Ohio, in a transaction worth $65,700,000. Working with its investment partner Kamco Investment Company (“Kamco Invest”), the sale, concluded during considerable capital market volatility, delivered on the business plan underwritten for investors. Daniel Cooper, Head […]

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  • 17/4/2020

    Viewpoint – Investing during a lockdown

    While of course everyone’s first concern and priority is beating COVID-19, the now almost universal lockdown to achieve this is changing established protocols among Islamic investors. While some are in a ‘wait and see’ mode, for a great number of Islamic investors the attractions of stable income generated from real estate look attractive against the […]

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  • 12/3/2020

    Viewpoint – ESG in our DNA

    I am delighted with the seemingly exponential growth of environmental and social responsibility consciousness over the last year, as well as the less reported but equally important area of responsible governance. What a healthy contrast to the ‘greed is good’ attitude of the 1980s. But such environmental, social and governance (ESG) considerations are already in […]

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  • 12/2/2020

    Press Release – Guildhall Quarter gets the go-ahead

    The multi-million pound Guildhall Quarter proposals to redevelop three retail sites in the heart of Canterbury, including two due to close imminently with the departure of Debenhams, have been given the go-ahead by Canterbury City Council. The £25m plans will make the Debenhams stores and former Cotswolds Outdoor store that front onto the High Street, […]

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  • 7/2/2020

    Real estate – crossing more borders

    While of course in its simplest form, Shariah compliant real estate investment has existed for an eternity, with individuals buying properties themselves – most likely on an all-cash basis – and choosing to manage them appropriately, it is the involvement of international investment managers that is our focus here. As Islamic Finance News launched towards […]

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  • 5/2/2020

    Viewpoint – Brexit Boris Boost

    After four years of living and breathing the Brexit will we/won’t we debate, as you read this the UK will be out of the EU. What surprised me after so much strong feeling (to put it mildly) on both sides of the discussion over the years is that it’s all gone quiet. Quite literally in […]

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  • 29/1/2020

    Press Release – RE Journals – Marketing agency, Logical Position, takes full floor at The Reserve at Deer Park

    JLL represented ownership and Newmark Knight Frank the tenant as digital marketing agency Logical Position took a full-floor office lease at The Reserve at Deer Park, located at 21440 W. Lake Cook Road in Deer Park, Illinois. Logical Position will occupy the entire seventh floor, totalling nearly 43,000 of the building’s 351,425 square feet. JLL’s […]

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  • 4/12/2019

    Viewpoint – Lower for longer

    It is the time of the year when many in the Islamic finance world are determining their strategic goals and investment plans for the next 12 months. However, we all recognise that as Shariah compliant investors, we are not alone and are competing for the tastiest investment opportunities with the wider investor community. And so, […]

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  • 22/11/2019

    Press Release – Property Week – Homes for Students adds 1,000 beds with Bradford Uni contract

    Homes for Students has added more than 1,000 new beds to its portfolio after being appointed as preferred accommodation operator for a new scheme in Bradford. It will take over operation of 1,026-bed scheme The Green from the University of Bradford, which opted to bring in a specialist service provider to market the accommodation. Homes […]

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  • 23/10/2019

    Viewpoint – Start-up star cities

    Prompted by a colleague in our Chicago office, I’ve just read a fascinating piece of research identifying the top 10 rising cities for start-ups in the US. With a continued investor fascination in finding the next big thing, this analysis provided some pointers on where we should be looking. The premise for the research was […]

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  • 11/9/2019

    Viewpoint – How was your summer?

    Well, the kids are back to school, so that must be the summer officially over. Asking about everyone’s summer recess, it seems to have been busier than most people expected, but perhaps the clues were already there. Just as we were sett ling in the summer months, Real Capital Analytics (RCA) shared its analysis on […]

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  • 9/9/2019

    90 North supports RNLI 911 Challenge

    We are delighted to be one of the sponsors for the RNLI (Royal National Lifeboat Institution) 911 Challenge 2019.  Belinda and James have set themselves a target of raising enough money to buy a £52,000 Class D lifeboat before the RNLI’s 200 year anniversary in 2024. They’re doing so with an RNLI related challenge each […]

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  • 20/8/2019

    Press Release – EGI – London’s 90 North and Dubai’s Audacia plough €100m into Dutch offices

    London-based 90 North Real Estate Partners and Dubai’s Audacia Capital have jointly acquired two offices in the Netherlands for €100m (£91.5m). London-based 90 North Real Estate Partners and Dubai’s Audacia Capital have jointly acquired two offices in the Netherlands for €100m (£91.5m). Both were acquired on a forward commitment basis. 90 North and Audacia exchanged […]

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  • 18/7/2019

    Viewpoint – South for the summer

    The summer holidays are upon us here in the UK, with many of us Brits taking the well-trodden route down to Spain. But it seems we won’t be alone, with Spain being the second-most visited country in the world … second only to France. Not sure that is what I would have guessed, but there […]

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  • 5/7/2019

    Press Release – IPE Real Assets – Saudi investor Arbah Capital acquires Glasgow’s Sauchiehall Building

    Saudi Arabia-based Arbah Capital has acquired the Sauchiehall Building in Glasgow through a shariah-comliant investment structure for £55m (€60.4m). The retail property was acquired in conjunction with 90 North Real Estate from private equity firm KKR and real estate operator Quadrant Estates. The 309,000sqft Sauchiehall Building has eight floors and is located on Sauchiehall Street […]

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  • 12/6/2019

    Viewpoint – Boring is best

    More great research in from CBRE, with a report on investors’ investment intentions for 2019 in the Americas. Its findings resonate with what we are finding among our Islamic investors and I thought it would be worth sharing the highlights. The most striking thing that caught my attention, even though it was perhaps obvious but […]

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  • 8/5/2019

    Viewpoint – Driving distribution assets

    Distribution warehouses have long been in favour by Islamic investors as a real estate investment, but competition to buy remains intense and as a result yields can be low, encouraging many to consider new countries to achieve the returns they desire. The most recent significant acquisition announcement was from Bahrain’s Investcorp, with a US$170 million […]

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  • 3/4/2019

    Viewpoint – Fund time

    While writing my real estate section for IFN Guide 2019 at the end of last year, I commented that: “It feels like we should be on the verge of successful fundraising for at least one major fund initiative where quality assets can be owned for the long term, and investors offered some form of liquidity […]

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  • 15/3/2019

    Viewpoint – Brexit pause

    The fear of writing about Brexit is that by the time it’s published, the situation has probably changed, but choosing not to delve into the pros and cons and certainly not the politics that is deeply entrenched in the whole debate, I’m probably on safer ground and will focus on “Just the facts, ma’am”. The […]

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  • 13/3/2019

    Press Release – Commercial Property Executive – FBI Building in Denver Sells for $73M

    USAA Realty purchased the 175,000-square-foot Class A office asset in the city’s Stapleton neighborhood from 90 North Real Estate Partners, in a deal brokered by JLL. USAA Realty has acquired a four-story Denver office building that is 100 percent leased to the Federal Bureau of Investigation. JLL arranged the $72.9 million deal. Independent investment advisory […]

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  • 13/3/2019

    Press Release – 90 North acquires Mercedes-Benz new Dutch HQ in Holland

    90 North Real Estate Partners LLP (“90 North”) acting as Property and Investment Adviser has acquired from Laaggraven Investments B.V. the new Mercedes-Benz (‘Mercedes’) Dutch HQ in Nieuwegein, Utrecht for a private investor in a transaction worth €27.9M. The Property has been substantially remodelled and redeveloped over last 12-months to provide 12,273 Sqm of office […]

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  • 1/2/2019

    Viewpoint – Real estate: Recognizing global quality

    Shariah compliant real estate investment has long been an established product offering for Islamic investment managers. The allure of bricks and mortar remains, frequently with an attractive income component compared to equities or Sukuk. While tenant use of course needs to be monitored, the basics of real estate investment suit Shariah principles well, with a […]

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  • 25/1/2019

    Press Release – Commercial News Media – 90 North and Sidra Capital exit Irwin Mitchell’s office HQ in Sheffield for £24.65m

    90 North Real Estate Partners LLP (“90 North”), acting as Property and Investment Adviser and Sidra Capital acting as Strategic Adviser, have sold Riverside East – UK law firm Irwin Mitchell’s UK Headquarters in Sheffield – in a transaction worth £24.65M. The buyer is the Corum XL Fund. The property was built in 2005 and […]

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  • 10/1/2019

    Viewpoint – Aussie opportunities

    A recent visit to our current and pipeline properties in Australia accentuated to me what a great opportunity Australia offers Islamic real estate investors, with the extremes of forest fires in the north and flash flooding in Sydney to the south emphasising the vast scale of the country. The opportunity is largely driven by population […]

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  • 21/11/2018

    Viewpoint – Tartan pursuit

    Islamic investment into Scottish real estate is nothing new. Indeed, I made my first Shariah compliant investment north of the border more than 12 years ago. But recent evidence suggests that tartan is currently very much in favour among investors. Proving Islamic investors’ ability to judge each location on its merits, that first acquisition was […]

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  • 31/10/2018

    Viewpoint – Double your money?

    It was only three years ago that we were concerning ourselves with the seemingly inexorable fall in oil prices, concerned that at some point it would impact the Islamic world’s ability to purchase properties. Well, since January 2016, oil prices have now doubled but has Shariah compliant real estate investment doubled as well? As oil […]

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  • 27/9/2018

    Viewpoint – Scream 2.0

    Reflecting on the recent IFN UK Islamic Finance Week, for which 90 North was very proud to be a sponsor, it occurred to me that we are seeing a fundamental shift in Islamic investors’ approach to real estate investment. Perhaps we should call it a new stage in Shariah compliant real estate asset management, or […]

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  • 31/8/2018

    Press Release – CoStar – Malaysia’s KWAP teams up with 90 North for drive into UK student homes

    Malaysian fund Kumpulan Wang Persaraan (KWAP) has teamed up with 90 North Real Estate Partners to build a platform in the UK student housing market with the initial acquisition of a portfolio from IP Investment Management and Maven Capital Partners for £39.8m. The portfolio of two newly developed purpose-built student accommodation assets totals 360 beds. […]

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  • 24/8/2018

    Viewpoint – Halal hotels: Renewed interest

    While Islamic investment into hotels outside of the GCC is nothing new, the last three months or so have been particularly active, suggesting a softening perception among Shariah compliant investors of this sector. Here at 90 North, we made our first hotel acquisition at the beginning of 2016, being a Travelodge fairly close to London’s […]

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  • 9/8/2018

    Press Release – Zawya – Middle East investment expert joins 90 North advisory team

    International real estate investor 90 North has appointed Middle East expert Richard Banks as Board Adviser. He will support 90 North on further developing strategic partnerships in the Middle East with organisations sharing 90 North’s business focus on socially responsible real estate investments. Banks has an international reputation as a Middle East expert and GCC […]

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  • 17/7/2018

    Press Release – Business News Australia – London investors scoop up Quest Apartment Hotel in Brisbane for $24m

    London based investments firm 90 North Real Estate Partners (90 North) have made their first foray into the Australian real estate market with the acquisition of a brand-new Quest Apartment Hotel in Brisbane. Located in Greater Springfield, Queensland, the Quest hotel transaction is worth $24.3 million. 90 North launched in Sydney in 2017, and the […]

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  • 11/7/2018

    Viewpoint – An ethical high street

    A comment piece in The Times newspaper recently caught my eye. It was written by Julian Richer, the owner of electrical retailer Richer Sounds in the UK, who had some interesting observations on the retail sector in the UK and how ethics have a bigger impact on retailer success than most people imagine. As investors, […]

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  • 5/7/2018

    Viewpoint – Commercial office outlook: the disruption dynamic

    Much has been made of the impact that big data, artificial intelligence and “the cloud” will have in disrupting traditional business models, but not of the seismic effect that it will have on the market for corporate real estate, writes Nick Judd, founder and head of investment at 90 North. It will, though, have a […]

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  • 30/5/2018

    Viewpoint – Summer slowdown?

    As we are now in the holy month of Ramadan and with the thermometer and thoughts of summer starting to rise in the Middle East, we would normally expect investor interest in Islamic real estate investments to have started waning by now, which is certainly what I have seen in previous years. However, we seem […]

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  • 25/4/2018

    Viewpoint – Swiss Shariah sunrise

    Spending a week skiing in Switzerland over the recent school holidays reminded me of what a beautiful country it is, particularly among the mountains and around the lakes. Not wanting to turn our trip into a busman’s holiday, I got to thinking of excuses to come back, perhaps with a spot of real estate investment. […]

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  • 28/3/2018

    Viewpoint – Return on empathy

    Reviewing my morning IFN Alerts, I was interested to read of Olive Investments’s launch of their Shariah compliant fund to invest in Australian medical properties. It is great to see more Islamic investment focus on Australia and in this case in the healthcare sector, one that Islamic investors have been drawn to frequently over the years. While […]

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  • 28/2/2018

    Viewpoint – Postcard from my travels

    I’ve just returned from two weeks of travel, meeting with both existing and prospective Islamic investors in Southeast Asia and the Middle East. With eight flights covering close to 16,500 miles, there was plenty of time to sleep, watch the latest films, but also catch up on my real estate reading. The recently released JLL […]

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  • 14/2/2018

    Press Release – Property Funds World – 90 North kicks off 2018 with USD135m Lenovo HQ exit

    90 North Real Estate Partners has completed the sale of Lenovo’s headquarter campus in North Carolina, US, for USD135,300,000.  The buyer is Mumtalakat Holding Company, the Kingdom of Bahrain’s Sovereign Wealth Fund, in partnership with Sentinel Real Estate Investment Corporation. The recently completed transaction – 90 North’s first in 2018 – involves the sale of […]

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  • 25/1/2018

    Viewpoint – Islamic Finance News – What’s the Alternative?

    Welcome to 2018! My year started by waking on 1st January in a beautiful and thankfully warm treehouse amongst the English countryside. As a colleague described it: “Philip is up a tree”, but it really was a fantastic experience with my family, and on reflection this set the tone for the year so far. One […]

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  • 2/1/2018

    In the Media – UK Islamic Finance – 90 North: A year in review

    The allure of real estate for Islamic investors goes back a long way. Whilst equities and Sukuk will always be a significant part of a Shariah compliant investment portfolio, there is something about the bricks and mortar of real estate that eternally appeals. PHILIP CHURCHILL of 90 NORTH takes us through the past 12 months […]

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  • 2/1/2018

    Press Release – Property Week – 90 North adds Leamington scheme to student offering

    90 North Real Estate Partners has acquired a student accommodation scheme in Leamington Spa.   It acquired The Union for £17.2m from Alumno Developments. The 64,000 sq ft building was completed in September 2017 and has 187 bedrooms – a mix of ensuite rooms and studio flats – used to house Warwick University students. It […]

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  • 26/11/2017

    Press Release – 90 North confirms €91M purchase of two state-of-the-art Headquarter Office properties in The Netherlands, pre-leased respectively to ASICS and Danone

    90 North Real Estate Partners LLP (“90 North”) has advised on the acquisition of two adjacent built-to-suit headquarter office (“HQ”) properties now under construction in Hoofddorp, The Netherlands. The properties, being developed by RED Company, are both state-of-the-art office buildings with a strong focus on sustainability and health. The ASICS EMEA and Benelux HQ is due […]

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  • 23/11/2017

    Viewpoint – Time for Portland, Oregon?

    It has been two years ago since my last article on Forbes’ “Best Places for Business and Careers” in the USA and given that they have just released their 19th annual comprehensive analysis, I thought it was prime time to revisit the topic and see what has changed. This year’s top spot has been taken […]

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  • 20/11/2017

    Press Release – 90 North concludes profitable sale of £50.55 Million Care Home Portfolio in UK, Midlands

    90 North, acting as Property & Investment Advisor, has advised on the sale of a UK based residential care portfolio originally acquired in November 2013 by way of a sale & lease back from operator Prime Life Limited (“Prime Life”). An established care operator, Prime Life is a family-owned business, with over 30 years’ experience […]

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  • 27/10/2017

    Viewpoint – The REIT time for funds?

    The success of REITs in the Saudi market has been remarkable. Since the legislation was issued just 12 months ago, there have been six listings and I wonder if this is contributing to a greater appetite for Islamic funds generally. The Saudi REITs to date have a combined market value of around SAR3.36 billion (US$894.95 […]

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  • 5/10/2017

    Press Release – 90 North completes fourth warehouse exit delivering superior risk-adjusted returns to investors

    90 North completes fourth warehouse exit delivering superior risk-adjusted returns to investors 90 North Real Estate Partners LLP (”90 North”), headquartered in London, has completed the sale of a Volkswagen logistics centre in Germany for €52M. The sale follows three previous exits in Norway and UK with properties let to L’Oréal, Siemens PLC (both in […]

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  • 2/10/2017

    In the Media – Property Week – And so it begins: outlook on the investment year ahead

    This is the period during which we typically source and execute all transactions with our partners whether in UK, Europe or USA for the investment year running from September to June. Consequently, it seems like a good moment to pause and reflect on market conditions and likely investor outlook. For some, the summer can be […]

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  • 2/10/2017

    Press Release – CoStar – 90 North Real Estate buys Exeter student homes scheme

    90 North Real Estate has bought Exeter One, a student housing scheme next to the University of Exeter, from Chesterman Consultants for £18,575,000. The freehold 219-bedroom purpose built student accommodation asset has sold at a price reflecting a circa 5.9% net initial yield and a value of £84,800 per student bedroom. The building was constructed […]

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  • 2/10/2017

    Podcast – Islamic Finance News – Buoyant Australian real estate market attracting Islamic investments from the Middle East

    Malaysia may be one of the biggest investors responsible for channeling Shariah dollars into the Australian market, but the buoyant real estate sector Down Under is now also capturing Islamic investment flows from beyond the Asia Pacific region. “The initial Shariah money came from Malaysia which has been [one of] the top five investors in […]

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  • 2/10/2017

    Viewpoint – Making hay while the sun shines

    Our own 90 North was delighted to be a sponsor of IFN Europe Forum in London on the 11th and 12th September. Its timing could not have been better for Islamic real estate, on which as you would imagine we focused our attention. With the US having had its long Labor Day weekend, UK children […]

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  • 2/10/2017

    Press Release – CoStar – 90 North sells Volkswagen logistic centre in Germany

    90 North Real Estate Partners has sold its VW logistics centre in Germany, for €52m to Israeli fund manager MiDeal Group, CoStar News can reveal. The 972,000 sq ft spare parts logistics property, located in Volkmarsen, near Kassel, is one of Germany’s key automotive hubs and is leased to and operated by Rudolph Automotive Logistik, […]

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  • 4/9/2017

    In the Media – Globe St – Buyers and Sellers Get Ready for Super Tuesday

    CHICAGO—Certain days of the year are more important than others on the business calendar. April 15, of course, is known to all, along with the last day of the fiscal year. Less known, and quite unofficial, is the day after Labor Day, or as some in commercial real estate now call it, Super Tuesday. After […]

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  • 31/8/2017

    In the Media – UK Islamic Finance News – 90 North: In its own words

    Philip Churchill is the co-founder and managing partner of 90 North Real Estate Partners. In this contribution, he offers unique insights into the UK and global property market from an expert perspective: outlining current opportunities and looking ahead to what we can expect in the coming years. What is 90 North? We are a global […]

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  • 30/8/2017

    In the Media – UK Islamic Finance News – Real Estate Roundtable: A positive outlook for UK property

    Gathering market leaders and industry experts together for a frank and open exchange, the UK Islamic Finance roundtable is designed to provide invaluable insights into the most important issues affecting the UK market. For our inaugural issue, what better platform to start from than a look at the property investment market – one of the […]

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  • 23/8/2017

    Viewpoint – Innovation in Islamic real estate investment: Is there any?

    I was recently asked in a Q&A session what innovations there are in the Islamic real estate investment world at the moment and I confess that I had to admit that I wasn’t aware of any. The global financial crisis started 10 years ago this summer, and as you will recall, took two years to […]

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  • 10/8/2017

    Press Release – Real Estate Investment Times – Ethical investment: Why it matters

    Philip Churchill, co-founder of 90 North Real Estate Partners, and Theo Andrew discuss the advantages and complexities of Islamic finance, as well as the firm’s plans in Australia and how its year has gone so far. What exactly is Islamic finance and how did 90 North come to specialise in it? Succinctly put, Islamic finance […]

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  • 1/8/2017

    Press Release – CoStar -90 North exits two European assets for £71m

    90 North Real Estate Partner LLP has advised on the sale of two of prime European assets for a combined total of £70.5m. The firm sold Fielden House in the UK to Siemens PLC in April for £21.5m, before selling the Onninen Distribution Warehouse in Norway to real estate company Fabritius Gruppen for approximately £49m. […]

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  • 29/6/2017

    Real Estate Investment Times – The Art of Joint Venture

    Changes in the market and increasing foreign capital mean conditions are ripe for joint ventures. Theo Andrew speaks to experts who highlight the points to consider before entering into a partnership. The art of the joint venture There are a lot of things to consider when entering into any new relationship: common interests, likes and […]

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  • 26/6/2017

    Viewpoint – The more things change, the more they stay the same

    I’ve written before on the resilience of Islamic real estate investors and their ability to absorb shocks, most notably with Donald Trump being elected and a vote for Brexit, but I feel compelled to bring this subject up again with Mr Trump’s actions being discussed at the most senior level in US politics and Theresa […]

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  • 19/6/2017

    Press Release – Property Week – 90 North sets up new Australia office

    London headquartered 90 North has opened a new office in Sydney, Australia, Property Week can reveal. The office is 90 North’s fourth globally and its first in Australia. It sits in the heart of Sydney’s commercial business district, on the famous Circular Quay waterfront overlooking the city’s most iconic attractions – Sydney Harbour Bridge and […]

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  • 8/6/2017

    Press Release – Property Week – JV acquires Mercy Health for $84.5m

    London-based 90 North Group and strategic partners Sidra Capital have acquired the Mercy Health headquarters building in Cincinnati for $84.5m (£65.3m). The acquisition brings 90 North’s total transactions completed this year to $1.66bn. Mercy Health’s 368,447 sq ft corporate headquarters at 1701 Mercy Health Place in Ohio, was acquired by the JV from original developers […]

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  • 30/5/2017

    Viewpoint – Multi multifamily

    Providing an explanation of the term multifamily for those not familiar with the US real estate market, as it was a phrase that flummoxed me when I first heard it, multifamily refers to the rental of apartments and houses to individuals within the same complex, for example, an apartment block with shared amenities. Explanation behind […]

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  • 19/4/2017

    Viewpoint – Fashionable Students

    Islamic investor interest in student accommodation would appear to peak every two to three years; while our own 90 North’s first acquisition was in the student sector in 2012 and we were far from alone that year, I last wrote about Islamic investor activity in mid-2014 and find myself again putting fingers to the keyboard […]

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  • 29/3/2017

    Viewpoint – Islamic real estate down under

    Never underestimate Australia. At least that’s what I’ve learnt since researching it further. Firstly, it’s a lot bigger than you think. If it could be placed over Europe, if would completely block out the sun, all the way from Ireland and Portugal in the west to Romania in the east. Equally, it’s not far off […]

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  • 17/3/2017

    Podcast – Islamic Finance News – How have Shariah real estate investors reacted to the Brexit vote and election of Donald Trump?

    How have Shariah real estate investors reacted to the Brexit vote and election of Donald Trump? Philip Churchill, Founder and Managing Partner of 90 North Real Estate Partners LLP, shares his thoughts with Vineeta Tan at Islamic Finance News.

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  • 13/3/2017

    Press Release – 90 North supports JPA-BMCC Management Programme 2017

    90 North is delighted to be working with the British Malaysian Chamber of Commerce in supporting the 22nd series of the JPA-BMCC Management Programme 2017. The programme (a bi-annual initiative) aims at providing Malaysian senior government officers with an opportunity to gain hands-on experience and exposure to the dynamism of modern-day business management systems through […]

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  • 21/2/2017

    Viewpoint – Real estate: Malaysian harvesting of London profits

    As the plans of Islamic investors for 2017 have been finalized and, in many cases, shared with the world, I’ve picked up on a noticeable trend of what could be interpreted as Malaysian investors choosing to exit the London real estate market. First to share with the Malaysian press was the intention of the Federal […]

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  • 13/2/2017

    Viewpoint – Driving Ahead

    90 North has had a very busy start to 2017 following a frenetic Christmas and New Year holiday period. We have contracted $140Million of new acquisitions, are progressing new purchases and exits and we have kicked off the year with a major new hire for our London office.   In light of the recent election […]

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  • 26/1/2017

    Viewpoint – What a start to 2017!

    Firstly, welcome to 2017. I hope you got some rest over the end of the year, as it seems that much of the Islamic investment world kept on motoring. Our own 90 North was working through the Christmas and New Year period, including Christmas Day, going unconditional on our latest US acquisition, more details of […]

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  • 4/1/2017

    Viewpoint – Looking ahead to 2017 – “Prediction is very difficult, especially if it’s about the future”*

    After the events of 2016, including the UK’s decision to leave the European Union (‘Brexit’) and the election of Donald Trump as the next US President, we believe it would be foolish to make any predictions about 2017 – except perhaps that it will likely be another ‘bumpy’ year with potentially some unwelcome surprises. The […]

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  • 19/12/2016

    Viewpoint – Real estate remains highly attractive to Islamic investors

    While for many real estate is considered among alternative assets, within the Islamic investment world real estate is certainly mainstream. Evolving from individuals buying properties directly, the industry today has considerable depth and sophistication. PHILIP CHURCHILL writes. While the Islamic structuring is less of a challenge than it was 15 or so years ago when […]

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  • 13/12/2016

    Viewpoint – Oil-fueled Islamic Real Estate

    Whilst the link between the oil price and the propensity of Islamic investors to partake in global real estate investment isn’t as correlated as many would think, with the sovereign wealth funds investing such oil revenue being one of a wide range of investor groups, there is no doubt that a higher oil price helps. […]

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  • 5/12/2016

    Press Release – Zawya – 90 North doubles US portfolio value in 2016 to $540M

    London headquartered global real estate investment firm 90 North has more than doubled the value of its US assets acquired since the beginning of 2016. The firm has so far closed approximately $300 million of deals in the US this year, taking the overall value of its assets in the country to $540 million.  This […]

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  • 22/11/2016

    Press Release – Property Week – 90 North achieves milestone purchase

    90 North has completed its 25th transaction with a $107m (£87.5m) deal in the US that takes its investment to date to above $1.5bn. It acted for KAMCO Investment Company, one of the Gulf’s largest real estate investors, in the purchase of General Electric’s new global operations centre in Cincinnati. The 338,146 sq ft, 12-storey […]

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  • 7/11/2016

    Press Release – Wall Street Journal – A Kuwait Firm Buys GE Offices

    A Kuwait-based financial services firm seeking more diversity in a world awash in cheap oil is paying $107 million for a new Cincinnati office building occupied by General Electric Co. in its biggest real-estate investment in the U.S. Kamco Investment Co.’s purchase of the new development, named General Electric @ The Banks, is a sign […]

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  • 25/10/2016

    Viewpoint – Never compromise on quality – the quality will remain long after the price is forgotten

    According to the Bloomberg Barclays Global Aggregate Index, the total value of negative yielding corporate and sovereign debt jumped to $11.6 trillion at the end of September 2016. With a total Index value of $48.0 trillion, approximately 25% of the Index is invested in the certainty of losing money if held to maturity. The motivation […]

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  • 19/10/2016

    Viewpoint – Coming off the gas?

    Real estate advisor CBRE recently released their latest annual ‘In & Out Middle East’ research report, which as ever made for interesting reading.

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  • 20/9/2016

    Viewpoint – Did anyone hear about the Empire State Building?

    With surprisingly little fanfare, the Qatar Investment Authority (QIA) recently purchased a 9.9% stake in New York’s Empire State Building for a reported US$622 million. A not insignificant amount of money. While more accurately they bought a stake in the Empire State Realty Trust, which owns a total of 14 office properties and six retail properties in New York, the headline is the […]

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  • 2/9/2016

    Real Estate Capital – Middle East: Property appetite defies the slump in oil prices

    Despite lots of negative reports about the oil and gas industry, Middle Eastern investment in global real estate has held up well – with the US an increasing focus. Doug Morrison reports: Barely a day goes by without news of the fallout from the prolonged slump in oil prices, whether it is the latest round […]

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