Comment

90 North continues global expansion with new Sydney office

London-headquartered real estate investment firm 90 North has cut the ribbon on its fourth global outpost with a new office in the heart of Sydney’s Central Business District. The investment manager has snagged space overlooking some of the Australian city’s most iconic attractions, including Sydney Harbour Bridge and Sydney Opera House, as it looks to capitalise on further opportunities in the Australian market.

Headed up by experienced real estate operator Michael Dowling, the property investment manager’s new office joins its London, Chicago and Kuala Lumpur outposts in its global network. Philip Churchill, Founder and Managing Partner at 90 North, commented: “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.”

Comment

Comment

Pi Labs joins Saracens Chairman in backing startup

London-based PropTech startup Built-ID has raised £1.1m in funding from Pi Labs alongside a line-up of individual investors.

The company, which previously went by the name of IndustryHub, has raised the from the cash property-focused investment platform with contributions from backers from both sides of the Atlantic, including Alton Towers owner Nick Leslau, serial investor and Saracens Rugby Club Chairman Nigel Wray and Sandy Gumm.

Founded in 2015, Built-ID allows users to find out more about the project teams and allows developers to show off their portfolio and work to prospective investors.

Comment

Comment

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 that a new cadre of foreign investors is playing a bigger role in the U.S. commercial real-estate, even in smaller markets like Cincinnati.

The deal comes at a tricky time for the U.S. commercial real estate.  Overall U.S. sales volume was down 12.2% from last year to $299.1 billion as of the end of August, according to data firm Real Capital Analytics.

Comment

Comment

Hubble: disrupting the role of commercial property agents

“We are essentially looking to obliterate most of what commercial property agents currently do.” When it comes to mission statements, Hubble’s packs a punch, particularly when it is delivered by Rohan Silva.

One of the most influential players in London’s tech space – and David Cameron’s former tech adviser – he also happens to be one of the start-up’s three co-founders.

And the hits just keep on coming: “We are what the future of the property industry looks like,” he adds.

Comment

Comment

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 training and working with British organisations both in Malaysia and their parent companies in the United Kingdom.

Comment

Comment

Behind the scenes at Trussle, a start-up digital mortgage adviser

'Uberfication of the mortgage market' and 'the threat of digital disruptors' are phrases which have been bandied about frequently over the last few months. But what is it actually like behind the scenes of a digital mortgage broker? Hannah Uttley visited Trussle to find out.

As I enter the offices just off Holloway Road, I can immediately tell this space doesn’t belong to your average mortgage broker.

A woman on reception asks me to sign in using an iPad which proceeds to snap a photo of me for identification, but feeling sheepish, I’m not sure they got my best side.

Comment

Comment

Trussle receives £4.5m backing

Orange Growth Capital, a European and Asian fintech VC and backers of peer-to-peer lending platform Zopa and online insurance broker Knip, has led the funding.

Existing investors LocalGlobe, Zoopla, and Seedcamp, who together supported a £1.1 million seed round in February 2016, alongside angel investors Ed Wray, co-founder of Betfair, and Ian Hogarth, co-founder of Songkick, are also behind the deal.

Launched in December 2015, Trussle has now reached the milestone of managing £1 billion worth of mortgages on behalf of homeowners across the UK.

Orange Growth Capital, a European and Asian fintech VC and backers of peer-to-peer lending platform Zopa and online insurance broker Knip, has led the funding.

Comment

Comment

Online mortgage broker Trussle lands £4.5m investment

Trussle, the online mortgage broker featured in Tech Pitch, has closed £4.5m in funding led by Orange Growth Capital, with participation from LocalGlobe, Zoopla and Seedcamp.

Launched in 2015 by Ishaan Malhi, London-based Trussle is attempting to disrupt the mortgage market by comparing and tracking thousands of mortgage products from over 90 lenders to find the most suitable one for its customers.

Comment

Comment

90 North hires partner from LaSalle

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, 90 North reached the milestone of £1bn in global assets after completing a number of deals in the US totalling about $300m.

Yeend said: “I am very pleased to be joining 90 North – the firm has a great combination of proven transactional ability and sound equity partnerships.

Comment