Ardian Real Estate Raises €700 Million For Inaugural Fund

Mar 1 2018 | 4:34pm ET

Ardian today announces that it has raised more than €700 million for its first real estate European fund.

The fund focuses on the main cities of the three largest economies in the Eurozone (Germany, France and Italy), targets commercial property assets with a significant size in the core-plus / value-added segment and seeks to significantly enhance rental income through active asset management, according to the firm in a press release.

The fund has already successfully deployed significant amounts of capital across four different attractive investment opportunities in its core markets of Germany, France and Italy:

 

  • November 2016 – Wappenhalle (Konrad) office premises and business park complex in Munich, acquired from real estate asset manager, publity AG.
  • February 2017 – Six office buildings located in Milan, Rome and Bari, acquired from real estate fund, Cloé.
  • June 2017 – ‘Europa’ building in Levallois, West of Paris, acquired from media group, Lagardère as a joint venture with LaSalle Investment Management.
  • December 2017 – Heinemann Bogen office complex in Munich’s Neuperlach district, acquired from a fund managed by Corpus SIREO Real Estate Sireo, owned by Swiss Life Asset Managers.

 

“This is a significant achievement for Ardian Real Estate, and indeed for the company more broadly. Now, this fund confirms our position as one of the key players within real estate. Ardian Real Estate, which is Ardian’s fifth investment pillar, was always a natural progression for us, and this fund signifies the growing strength and variety of our offering to investors,” Dominique Senequier, president of Ardian, said in a statement.

Ardian is a leading private investment firm with assets of $66 billion dollars managed or advised in Europe, North America and Asia on behalf of 650 clients through five pillars of investment expertise: real estate, funds of funds, direct funds, infrastructure and private debt.


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