Mirabaud Asset Management has won a large real estate advisory mandate from a leading financial institution in the Middle East.
The mandate covers future acquisitions of prime quality offices and logistics buildings in Europe and the United States with an ultimate target exposure of up to $500 million. The investment objective seeks to optimize risk/return from an income generation and capital appreciation perspective, while respecting Sharia principles.
The first transaction closed in December 2019 in which this fast-growing Middle Eastern institution acquired the Citrix Building, a 20,000-square-meter (215,000-square-foot) prime office building located in Raleigh, N.C., for $84.8 million.
This property leased by Citrix Systems, until 2029, will be managed by ExAn Management, part of the ExAn Group, an independent real estate asset management and investment firm primarily active in the United States’ real estate markets. Exan has also been involved in the sou
