Mirabaud Asset Management completes acquisition of state-of-the-art office campus in Cincinnati, Ohio

Mirabaud Asset Management completes acquisition of state-of-the-art office campus in Cincinnati, Ohio

Dubai – Mirabaud Asset Management has structured the acquisition of a two-building office occupied by a non-profit academic foundation and medical center. The transaction was structured by Mirabaud Asset Management as a Luxembourg-based institutional commercial real estate partnership on behalf of its international clientele. This acquisition brings the value of Mirabaud’s US real estate portfolio to almost $600 million.

Vernon Campus, a 28,000 square meters complex in Cincinnati, Ohio, is a state-of-the-art office campus, fully leased until 2032 to the second largest employer in the tri-state area. The office campus serves as the US administrative headquarters for Cincinnati Children’s Hospital Medical Center and is strategically located at the epicenter of the world’s leading academic and research centers, organisations and talent pools.

Mirabaud Asset Management continues to expand its established real estate portfolio by acquiring single-tenant office and logistics assets in key markets across the United States and since 2019 has been involved with the acquisition of six properties. The real estate investment team remains focused on mission-critical, high-quality assets in regions with positive demographic and economic trends, leased to investment-grade tenants with in-place long-term leases.

Vaqar Zuberi, Senior Vice President at Mirabaud Asset Management commented, “The acquisition of Vernon Campus facility is a