A Middle Eastern institutional investor plans to buy $500m (€450m) worth of offices and logistics buildings in Europe and the US.

Mirabaud Asset Management, which announced being awarded a real estate advisory mandate from the unnamed financial institution, said a first transaction closed this month with the $84.7m acquisition of Citrix Building, a 20,000sqm office building located in Raleigh, North Carolina.

This property leased by Citrix Systems, Inc. until 2029, will be managed by ExAn Management, part of real estate asset manager ExAn Group.

Umberto Boccato, head of investments at Mirabaud Asset Management, said: “We have seen a large amount of interest from investors around the globe looking for specific real estate asset management turn-key solutions or simply advice for their own real estate portfolio build-up strategy.

“This has been driven by our focused and specialised approach of the real estate market associated with our professionalism in transaction execution”.

Ignacio Gil-Casares, principal at ExAn Group said: “We are glad to have worked with Mirabaud for this transaction.

“As adviser to the ultimate buyer, Mirabaud has demonstrated its due diligence, professionalism and its ability to facilitate the execution of a complex transaction in a timely manner, a key challenge in today’s real estate world.”