90 North Real Estate Partners, a specialist in Shari’ah compliant real estate investment, has opened for business in Chicago as part of a USD750m drive into the US real estate market.
Headquartered in Mayfair London, the firm’s new US office has been opened at 155 North Wacker Drive in the central business district of Chicago, providing a hub to access opportunities across the US, with Daniel Cooper joining 90 North as head of North America.
Cooper is a senior US real estate investment and operations professional, with 25 years’ experience across a wide range of property sectors. His experience includes considerable understanding of Shari’ah compliant transactions having previously been managing director, fund management for the USD1.8 billion HSBC Amanah Global Properties Income Fund. Prior to that he was director, portfolio management for the USD1.1 billion Principal America Office portfolio of US trophy assets traded on the Australian Stock Exchange.
Cooper says: “90 North has already established itself as a market leader in the selection and diligent structuring of compelling real estate investment transactions. The US market provides considerable opportunities across a number of sectors and we anticipate reporting the closing of our first transaction very soon.”
Philip Churchill, founder partner of 90 North, says: “The decision to open our office in Chicago follows strong appetite from our investment partners for US real estate opportunities and our detailed analysis of the market. We are delighted to have a man of Dan’s undoubted credentials leading our US business and we look forward to announcing new members of the Chicago team very soon.”
James Caan, chairman of 90 North, says: “90 North has delivered a thoughtful expansion of its international operations, first pushing into Continental Europe and now the US. Whilst the transactions may be in different locations I am confident that they will continue to be delivered with the same diligence and passion as their investments to date.”