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Middle Eastern investor to pour up to $500M in US, Europe real estate

The asset management arm of Mirabaud Group won a real estate advisory mandate from an undisclosed Middle Eastern financial institution covering the future purchases of up to $500 million of office and logistics buildings in Europe and the U.S.

Mirabaud Asset Management Ltd. said it closed the first deal under the mandate with the roughly $84.8 million acquisition of the 20,000-square-meter Citrix Building office property in Raleigh, N.C. The asset is leased by Citrix Systems Inc. until 2029.