Mirabaud Asset Management has added a 25,000sqm office complex in the Washington DC region to its US real estate portfolio.

The manager has invested an undisclosed sum to buy the South Lake complex in Herndon, Virginia.

Mirabaud said the deal brings the value of its US real estate portfolio to almost $700m (€658m).

Vaqar Zuberi, SVP at Mirabaud, said the latest acquisition continues Mirabaud’s strategy to identify, structure, acquire and manage “high-quality, mission-critical office and industrial assets in dynamic and growing” markets in the US.

Zuberi said: “Similar to Mirabaud’s previous acquisitions, South Lake has in place a long-term investment-grade tenant who has demonstrated a strong commitment to the building through considerable investment in the building’s physical and security infrastructure.

“The building serves the tenant’s most profitable and growing business segment and is located in the dynamic Northern Virginia/Dulles Corridor, one of the strongest technology investment markets in the US.”

To read the latest edition of the latest IPE Real Assets magazine click here.