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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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 marks an increase of more than 100% in the value of the firm’s US portfolio at the end of 2015.

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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.

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Tech Pitch: Trussle

Backed by Zoopla and Robin Klein, this start-up is intent on making the process of finding, securing, and managing a mortgage accessible and fee-free...

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