• 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

    Press Release – Property Week – 90 North hires partner from LaSalle

    90 North has hired John Yeend as a partner from LaSalle Investment Management, where he was director of investment and development acquisitions for six years. The property investment firm, which acts on behalf of Middle Eastern investors, has hired Yeend to help continue its growth and broaden the range of investments it makes. Last year, […]

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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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  • 30/8/2016

    Viewpoint – Brexit? What Brexit?

    This article serves as the last of my Brexit trilogy, which could be summarized as follows: ‘Brexit the brave?’ — The vote is going to be too close to call, but don’t worry, Islamic investors seem keen to still invest even if we vote to leave. ‘Brexit from 6,500 miles away’ — What just happened! We have voted to exit, but Malaysian Islamic investors […]

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  • 26/7/2016

    Viewpoint – Brexit from 6,500 Miles Away

    The shock of waking on Friday morning to find that the UK public had voted to leave the EU was compounded by the prospect of flying to Kuala Lumpur on the Sunday. Not that I dislike meeting our Islamic investors in Malaysia, quite the opposite, but I feared that the timing could not be worse […]

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  • 18/7/2016

    Property Week – 90 North heads to Holland to buy brand new HQ building

    90 North Real Estate Partners has bought the global headquarters of construction firm Heerema Marine Contractors (HMC) in Leiden, the Netherlands, for €70m (£54m). The Mayfair-based firm, which invests on behalf of individuals in the Middle East, acquired the newly constructed 222,000 sq ft office building from a fund managed by Standard Life Investments. HMC, […]

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  • 20/5/2016

    Viewpoint – Brexit the brave?

    I have a distinct sense of deja vu writing this article, for it was 21 months ago that I speculated on ‘Scotland the Brave?’ and what impact this could have on Muslim investors’appetite to acquire real estate north of the border. The result, of course, was Scotland remaining part of the UK, but it was […]

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  • 28/4/2016

    Press Release – 90 North Completes 24th Transaction

    90 North Completes 24th Transaction and Acquires Brand New Lash Group Headquarters for $67.1M in South Carolina 90 North has advised on the $67.1 million development funding and acquisition of the 247,834 sq ft Lash Group headquarters building in Fort Mill, South Carolina, less than 20 miles from Charlotte, North Carolina. The newly constructed development is fully-let on a 12-year lease […]

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  • 16/3/2016

    Viewpoint – US Real Estate Investment: The Next 240 Days

    Warren Buffett in his highly anticipated annual letter to his Berkshire Hathaway shareholders, published at the end of February, encouraged them to be optimistic, despite the best efforts from those on the presidential campaign trail to convince voters that the model for achieving the American Dream is broken. He stated that: “For 240 years it’s […]

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  • 25/2/2016

    Wall Street Journal – Investors Play It Safe With Saint-Gobain Facility Deal

    A rendering of the Saint-Gobain facility. Purchase of Philadelphia-area site shows less appetite for risk in commercial real estate. A venture of a private-equity firm and Middle East investor has purchased Saint-Gobain SA’s North American headquarters near Philadelphia in a $123 million deal that shines some light on how this year’s turmoil in the global capital […]

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  • 12/2/2016

    Viewpoint – Keep calm and carry on

    What a start to the year, and not the one that many of us had hoped for or predicted. The geopolitical situation in the Middle East remains very troubling, with Islamic investors keener than ever to invest overseas. While the UK press is keen to highlight instances of Middle East sovereign wealth funds realizing profi […]

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  • 22/1/2016

    Property Week – Middle Eastern investors still hot for UK property

    90 North has completed two UK deals totalling £65m on behalf of Middle Eastern clients, as it reports rising demand from private investors in the region despite concerns over the falling oil price. The specialist in Shariah-compliant real estate investment has acquired a Morrisons and Travelodge developed by Land Securities in 2014 in the centre […]

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  • 5/1/2016

    British Malaysian Chamber of Commerce – Don’t Sweat The Debt

    Borrowers and lenders aren’t pushing property yields down, investors are being driven to real estate by external factors. It was fascinating to see the market commentary over the summer as professionals pondered whether it was worth leaving their poolside lounger to come back to work or whether we were all doomed. An article in Estates […]

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  • 11/12/2015

    Property Week – 90 North purchases Centrica HQ

    90 North Real Estate Partners has acquired the newly constructed Centrica Energy HQ office building in Stavanger, Norway, for €32m (£22m). The 111,492 sq ft office building (pictured), which also includes 143 car park spaces, is located on the Stavanger waterfront just a short distance from the city centre. Stavanger is the capital of the […]

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  • 10/12/2015

    Viewpoint – Staying on Track

    I had the genuine pleasure of recently attending the Abu Dhabi Formula 1 Grand Prix. As a complete car nut I guess I wasn’t surprised that I enjoyed it, but it was great to see Abu Dhabi at play, with a fantastic atmosphere throughout the whole event. The event also gave me an opportunity to […]

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  • 6/11/2015

    Property Week – James Caan’s 90 North breaks $1bn mark with German deal

    Company reaches investment landmark with €51m deal for Primark-anchored retail asset in Krefeld.

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  • 2/11/2015

    Property Week – Global investors look to satisfy their ‘hunt for yield’

    The backdrop being played across our screens is, frankly, terrible; wars, mass migration and human suffering combined with an uncertain global economic outlook and political instability.

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  • 21/10/2015

    Europroperty – 90 North leads investors to a safe yield

    London-based investment adviser 90 North has made a success out of building close relationships and co-investing with a small group of Shari’ah-compliant equity partners in the Middle East. The firm has closed £610m of transactions in Europe and the US since June 2012, and the deal flow continues apace, says Nick Judd, who co-founded the […]

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  • 1/10/2015 – 90 North Believes in the Suburbs

    CHICAGO—90 North Real Estate Partners has just started construction on a new gateway entrance off Deer Park Blvd. and a reconfiguring of the parking lot and building access at The Reserve at Deer Park in Chicago’s north-west suburbs. It’s just the latest step for a London-based firm that recently opened its first American office and has […]

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  • 16/9/2015

    Viewpoint – Best Places For Business = Best Places To Invest?

    Over the summer Forbes published their 17th annual comprehensive United States analysis of “The Best Places For Business And Careers”. The results may be a surprise for many, but I’m pleased to report that many Middle East investors have already spotted the opportunities. Many would guess that New York, San Francisco or perhaps Los Angeles would […]

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  • 8/9/2015

    Cityscape – Buying In Britain

    From the golden postcodes of London’s Mayfair to urban chic in the cities of the north, the UK remains hot property with Middle East investors – Cityscape finds out why. The UK market has long held an attraction with Middle East property investors. From the status-rich postcodes of London’s Mayfair and Knightsbridge, to the steady […]

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  • 4/8/2015

    Viewpoint – Tired of London?

      “You find no man, at all intellectual, who is willing to leave London. No, Sir, when a man is tired of London, he is tired of life; for there is in London all that life can afford.” So said, Dr Samuel Johnson in 1773. As a huge fan of London myself, currently working in […]

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  • 17/7/2015

    Estates Gazette – 90 North secures Shari’ah-compliant UK policy

      90 North has secured the first Shari’ah-compliant UK insurance policy to cover its UK portfolio. The property portfolio was insured by Cobalt Underwriting, the sharia-compliant underwriters, and placed by Lockton’s real Estate and Construction Practice. The insurance cover insures more than £300m of retail, office, industrial and student housing. Philip Churchill, founder & managing […]

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  • 25/6/2015

    CoStar UK – 90 North and Arzan Wealth buy Siemens Amsterdam HQ financed by ING

    90 North Real Estate Partners and its investment partner Arzan Wealth (DIFC) Limited have completed the €27m acquisition of a newly-built divisional headquarters office for Siemens in Zoeterwoude, near Amsterdam, from Dutch construction company Volker Wessels. The office building sale at €27m reflects a net initial yield of approximately 7.2% and was financed by a […]

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  • 24/6/2015

    Press Release – 90 North makes its third European acquisition for €27m

    90 North Real Estate Partners (“90 North”) has completed the acquisition of a newly built Siemens divisional headquarter office building located in Zoeterwoude, near Amsterdam, the Netherlands. The firm acted as Investment Advisor to Bruegel Property Company Limited. The property is fully let to Siemens Netherlands N.V., a subsidiary of Siemens AG, for a remaining […]

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  • 8/5/2015

    Property Week – 90 North SPV secures £41m funding for retail park acquisition

    An SPV under 90 North Real Estate Partners has secured a £41m loan facility to finance the acquisition of the Drakehouse Retail Park in Sheffield. The transaction for the retail park, which is Sheffield’s largest, completed in April 2015. It is fully occupied by tenants including Homebase, B&M Retail, Wickes, JD Sports, Currys, Harveys, Halfords, […]

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  • 8/5/2015

    Real Estate Capital – pbb funds Sheffield retail park acquisition

      Investment adviser 90 North Real Estate Partners has financed the acquisition of a Sheffield retail park with pbb Deutsche Pfandbriefbank. 90 North, which invests on behalf of Middle-East clients, bought the Drakehouse Retail Park in the city from Hammerson for £61.6m, an initial yield of 6.5%. Hammerson reportedly bought the park 11 years ago […]

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  • 29/4/2015

    Viewpoint – Capital is a coward

    A Kuwaiti investor visiting our offices last week used a phrase I hadn’t heard before, that “Capital is a coward”. Asking him to explain, he elaborated that in Kuwait at the moment it feels like there are “wars all around” and that capital is looking to flee and find somewhere it feels safe. Such sentiment […]

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  • 23/4/2015

    Property Week – 90 North pays Hammerson £61.7m for Sheffield retail park

    Hammerson has completed the sale of Drakehouse Retail Park in Sheffield to James Caan-backed 90 North for £61.7m – just £1.5m more than it bought the asset for in 2003. The sale price, which represents a net initial yield of 6.4%, was ahead of the 31 December 2014 book value. However, the price was only […]

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  • 17/4/2015

    Estates Gazette – sharia-compliant investment pioneer

    In 2005 sharia-compliant finance in the UK was a novelty. It was costly to arrange and difficult to find anyone with the expertise to see the deal through from genesis to maturity. Over the past decade that picture has changed. Islamic finance, as it is less accurately known, is moving in from the fringes. Recently, that shift […]

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  • 1/4/2015 – Foreign Investment Shifts Geographically for Greater Diversification

    By Daniel Cooper | Commentary CHICAGO — Foreign investment in North American real estate is thriving, as established investors move in from other markets in search of greater diversification. This shift is occurring as the allocation of capital to real estate increases and the principles of portfolio management—including diversification—are applied by sophisticated investors. Portfolio strategy […]

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  • 20/3/2015

    RE – 90 North Real Estate Partners continues expansion, adds Jay Pacelli as AVP of acquisitions

    90 North Real Estate Partners announced the appointment of Jay Pacelli to the position of Assistant Vice President of Transactions, continuing the firm’s expansion both in terms of staff and portfolio. The addition of Pacelli comes as 90 North announced its $127 million acquisition of the Lenovo Enterprise Campus, three buildings totaling 485,536 square feet […]

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  • 13/3/2015


    With Islamic financing becoming the norm, the progression into shariah compliant real estate seems to be a natural one. Philip Churchill of 90 North explains the guidelines behind being shariah compliant and why there is a growing demand for generally ethically sound investments.   Original Audio clip from BFM

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  • 6/3/2015

    Property Week – Investor’s chronicle Opinion NICK JUDD

    Current geopolitical events and the effects of ultra-loose monetary policy since the global financial crisis are causing ongoing uncertainty and have left investors with a double conundrum; how do I protect (and enhance) my wealth and where do I invest safely? Right now, bank rates and interest on European governments’ bonds, some corporate bonds and […]

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  • 4/3/2015

    Viewpoint – Falling oil prices…time to buy a Rolex!

    My observation in December last year that Middle East investor interest in real estate was increasing as the oil price fell has now been substantiated by Savills’ latest research. Looking back at data for the last 30 years they have identified that real estate investment rises when oil prices fall, with a potential £7-10 billion […]

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  • 25/2/2015

    Press Release – Islamic Finance News – 90 North acquires US$127 million US trophy property

    Shariah compliant and socially responsible real estate specialist 90 North Real Estate Partners has concluded its third US acquisition and single largest deal to date — the Lenovo Enterprise Campus in North Carolina’s Research Triangle Park for US$127 million. VINEETA TAN explores the significance of this deal. Contracted by a new 13-year triple net lease […]

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  • 19/2/2015

    Press Release – RE – 90 North Real Estate Partners buys 485,000 SF Lenovo Enterprise Campus for $127M

    90 North Real Estate Partners, which recently launched its North American operations in Chicago, has completed the purchase of a 485,000 square-foot corporate office campus in North Carolina’s Research Triangle Park. The seller was Philadelphia-based Rubenstein Partners and its partner Grubb Properties. 90 North, in a joint venture with Dubai-based Arzan Wealth, paid $127 million […]

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  • 13/2/2015

    In the media – Euromoney – James Caan, CBE Interview

    James Caan CBE, Chairman of 90 North Real Estate Partners is interviewed on the next steps needed for Islamic Finance in the UK by Euromoney’s Giada Vercelli at the London Islamic Finance and Investment Conference 2015. Video from EuroMoney Conferences

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  • 13/2/2015

    In the media – Euromoney – Nick Judd Interview

    Nick Judd, Founder of 90 North Real Estate, gives an overview of the companies success so far with Euromoney’s Giada Vercelli at the London Islamic Finance and Investment Conference 2015. Article from EuroMoney Conferences

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  • 10/2/2015

    Press Release – 90 North acquires prime commercial property in Westminster

    Independent real estate investment adviser 90 North Real Estate Partners LLP (“90 North”) has completed on the acquisition of 33 Greycoat Street, London, on behalf of Greycoat Property Investments Limited (“Greycoat”), a consortium of Gulf and European based investors. Greycoat is currently reviewing options for the future of 33 Greycoat Street which include converting the […]

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  • 9/2/2015

    Viewpoint – Who’s Ready to Pounce?

    My visit to our investment partners in the Gulf last week provided an opportunity for me to focus on the current status of the global real estate environment. I can’t recall a post credit crunch time when so much was changing. Whilst most international property investors have their core currencies in which they hold both […]

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  • 7/2/2015

    IslamicBanker – Islamic real estate global growth trajectory

    When I started within this industry whilst at Citigroup, Shari’a compliance wasn’t understood beyond a narrow group of individuals within the real estate world. Our lawyers were learning how to structure it as they went along along and, frankly, we didn’t mention our Shari’a compliance requirements to to the seller of the properties as with […]

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  • 20/1/2015

    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 […]

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  • 14/1/2015

    Viewpoint – London Beats Its Own Record

    My economics education of old taught me the basics of demand versus supply and its impact on prices. Those looking for confidence that London’s residential market isn’t about to plummet off a cliff will be comforted by the fact that London’s population is forecast to continue to grow at around 100,000 people per annum and […]

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  • 7/1/2015

    Islamic Finance News – James Caan Awarded CBE

    IFN congratulates James Caan, the chairman of Shariah compliant real estate specialist 90 North, on his elevation to Commander of the Order of the British Empire (CBE) in the UK monarch’s New Year’s Honours List for services to entrepreneurship and charitable services.   Article from Islamic Finance News

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  • 31/12/2014

    Viewpoint – 90 North’s Awarding End To The Year

    Delighted to report that 90 North’s Chairman James Caan has been recognised with an award in the Queen’s New Year Honours list. Receiving the award of Commander of the Order of the British Empire (“CBE”), James was recognised: “For services to Entrepreneurship and charitable services through the James Caan Foundation.” In my humble opinion, richly […]

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  • 12/12/2014

    Property Week – 90 North makes presence felt in Europe with brace of deals

    James Caan CBE-backed company 90 North has made its first foray into continental Europe, buying warehouses in Germany and Norway in deals totalling €84m (£66m). 90 North founders Nick Judd, Right, and Philip Churchill 90 North, which buys real estate on behalf of Middle East investors, has bought a 280,000 sq ft warehouse in Oslo, […]

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  • 4/12/2014

    Viewpoint – Please, Sir, I want some more… real estate.

    Philip Churchill reflects on 2014 and developing investment trends.

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  • 22/11/2014

    Press Release – 90 North Hires Martin Ahern as Associate VP, Investment in Chicago office

    Martin Ahern hired as Associate Vice President to lead North American expansion.

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  • 22/11/2014

    Press Release – 90 North Advises on Acquisition of Continental Automotive Building in Chicago

    90 North completes a second U.S. acquisition, advising an international investor on the purchase of the Continental Automotive building, a Class A office in northwest Chicago.

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  • 14/11/2014

    Viewpoint – Churchill’s support for UK Sukuk

    Philip Churchill comments on the Treasury’s encouragement to UK corporates to consider Sukuk issues.

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  • 11/11/2014 – 90 North advises on 351,425 SF office acquisition in Chicago

    90 North Real completes its second U.S. acquisition, advising an international investor on the purchase of the Continental Automotive building in Deer Park, a northwest suburban Chicago suburb.

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  • 6/11/2014

    Press Release – – 90 North Acquires Interest in FBI Building

    90 North acquires an interest in 8000 East 36th Avenue, Denver, a four story, 175,155-square-foot class A office building, currently occupied by the FBI.

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  • 21/10/2014

    Press Release – 90 North Acquires Interest in FBI Headquarters Building in Denver, CO

    90 North announces the acquisition of an interest in 8000 East 36th Avenue, a four story, 175,155-square-foot Class A office building in Denver, CO.

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  • 15/10/2014

    Press Release – 90 North hires Daniel Cooper to lead Chicago-based office

    90 North Real Estate Partners, a London-based, international real estate investment management and advisory firm, has expanded into North America with the appointment of Daniel T. Cooper.

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  • 4/9/2014

    Viewpoint – What’s left for 2014?

    Reflections on the opportunities for investing over the remainder of 2014.

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  • 27/8/2014

    Islamic Finance News – 90 North Enters the US Market & Scotland the Brave?

    Acquisition of a controlling interest in the FBI’s headquarters in Denver plus issues around investing in real estate in Scotland.

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  • 8/8/2014

    Estates Gazette – Arzan Backs RER’s £600m Isle of Dogs Plan

    Dubai-based Arzan Wealth is funding plans to create a £600m retail-led destination on the Isle of Dogs, E14 — its first non-income producing investment in the UK.

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  • 24/7/2014

    Viewpoint – $180 Billion of Middle East International Real Estate Investment

    CBRE publishes “In And Out: Middle East”, a report into the accelerating appetite amongst Middle East investors for international real estate.

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