Mirabaud AM grows US real estate portfolio with logistics facility buy

Mirabaud AM grows US real estate portfolio with logistics facility buy
Image: Courtesy of Mirabaud Asset Management

Mirabaud Asset Management has expanded its US real estate portfolio by acquiring a high-quality logistics facility in Greensboro, North Carolina.

”The transaction, structured by Mirabaud Asset Management as a Luxembourg-based institutional commercial real estate partnership, brings the value of their US real estate portfolio to US$500 million,” said the company in a press release.

The 6,200 sqm fulfilment centre in Greensboro, is fully let to the world’s largest e-commerce company until the year 2029. Offering a hub for state-of-the-art last-mile delivery, the asset’s optimal layout is perfectly suited to the tenant’s specific needs and serves as a mission-critical facility for its operations. It is strategically located in the Greensboro industrial submarket, the largest and most active in the Piedmont Triad region.

Vaqar Zuberi, senior vice president at Mirabaud Asset Management commented: “Located in a fast-growing region, the Greensboro logistics facility is fully aligned to our strategy of targeting high quality US assets. While many parts of the real estate market remain under pressure due to Covid-19 and broader economic challenges, the logistics space is poised to continue benefiting from compelling short and longer-term structural tailwinds.”