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 Sydney Opera House.
The office will be headed up by Michael Dowling, a real estate professional with over 30 years’ experience in funds management, finance, investment and development.
The firm has closed transactions worth a total of $214m (£168m) since January 2017, having sold Feilden House, a UK industrial site, to Siemens in January for £34.6m, as well as acquiring two assets in the US, one of which was the 338,647 sq ft Mercy Medical Centre in Ohio for £133.5m.
Philip Churchill, founder and managing partner at 90 North, said: “We’re delighted to announce the opening of our downtown Sydney office.
“It will provide on-the-ground insight and access to the opportunities in the Australian real estate market that our investors have long been asking for.
“With a strong and robust economy and fast-growing population, we’re excited about the investment opportunities that Australia will provide.”
Michael Dowling, partner and head of Australia, added: “We are already working hard on a number of well-positioned opportunities in the Australian market for our investors and are looking forward to contributing towards making the second half of 2017 even more successful for 90 North than the first.”