Mirabaud Asset Management has added a fully-let 28,000sqm office complex in Ohio to its US real estate portfolio.

Mirabaud said the acquisition of the Vernon Campus in Cincinnati lifts the firm’s US real estate portfolio to almost $600m (€557m).

The asset was acquired for an undisclosed amount.

The office campus serves as the US administrative headquarters for Cincinnati Children’s Hospital Medical Center.

Vaqar Zuberi, senior vice president at Mirabaud Asset Management, said: “The acquisition of Vernon Campus facility is a continuation of Mirabaud’s strategy to identify, structure, and acquire high-quality, mission-critical office and industrial assets in dynamic and growing geographic regions in the United States. As with our previous acquisitions, Vernon Campus has in place a long-term investment grade tenant, a nonprofit academic medical center.”

Zuberi said Mirabaud’s real estate investment team is already working on the next transaction, the acquisition of a $110m mission-critical asset occupied by a multinational technology firm.

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

 

Topics