News & Views

  • 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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