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 office building achieved practical completion in September and is let on a 15-year lease to General Electric which is using the building as its new global operations centre.
Since it was founded in 2012, 90 North has advised on deals across the US, UK and Europe. “This is a significant moment for 90 North”, said Nick Judd, the company’s founder and head of investment.
Khaled Fouad, chief investment office of KAMCO, added: “This acquisition is another landmark in our expansion plan”.
Original article in Property Week