Mirabaud Asset Management has bought a $108m (€90m) fulfilment centre in the US from Indiana-based Duke Realty.

Mirabaud acquired the Katy Logistics platform in Houston alongside real estate manager Exan.

Mirabaud said Exan advised on the acquisition of the asset by a Luxembourg-based institutional commercial real estate partnership structured by Mirabaud on behalf of its international clientele.

The 94,000sqm fulfilment centre is fully leased until 2033.

Vaqar Zuberi, senior vice president at Mirabaud Asset Management, said: “The Katy Logistics platform is a world-class institutional asset in a key market in the United States, leased to a fast growing global e-commerce company.

“We are pleased to have completed this acquisition on behalf of our clients and continue to look to grow our institutional real-estate portfolio with similar high-quality office and industrial properties.”

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