Mirabaud Asset Management has acquired the UK headquarters building of Virgin Atlantic Airline for an undisclosed amount.
Mirabaud said the acquisition of Virgin Atlantic’s Headquarters (VHQ) in Crawley, which was made on behalf of its clients, represents the asset manager’s first acquisition in the UK and lifts its real estate portfolio to almost $700m (€816.4m).
The VHQ office building was built in 2016 for Virgin Atlantic and is entirely leased to the airline until 2032.
Vaqar Zuberi, head of alternative investments at Mirabaud Asset Management, said: “The acquisition of VHQ continues our strategy to invest in high-quality, mission critical offices in regions with positive demographic and economic trends, leased to investment-grade tenants with in-place long-term leases”.
Alejandro Nimo, head of private asset solutions at Mirabaud Wealth Management said, “We see a robust demand from sophisticated private investors seeking access to real estate opportunities that offer consistent cash flows and a favourable risk return profile.”
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