Geneva-headquartered Mirabaud Asset Management has structured the acquisition of an office campus located in Crawley, UK, next to London’s Gatwick Airport.
Financial details were not disclosed, but the firm said that the deal brought the value of Mirabaud’s real estate portfolio to almost $700 mln (€645 mln).
The office building, dubbed VHQ, was purpose-built in 2016 for Virgin Atlantic and is entirely leased to the business as its headquarter premises until 2032.
Virgin Atlantic has nine years remaining on the lease.
Mirabaud Asset Management focuses on acquiring single-tenant office and logistics assets in key markets across the US and now the UK. Since 2019, it has advised on the acquisition of eight assets.
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 added: '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.'
