Ardian has acquired an office complex located at 14 rue des Pyramides, in Paris’ first arrondissement. The vendor is ZAKA Investments. This transaction is in line with the company's strategy to invest in commercial real estate assets with strong value creation potential. The purchase price was not disclosed.
The 3,800m² Haussmann-style building consists of two interconnected five- and six-storey buildings, organized around a central courtyard. Very well located in the central business district, near the Opera House, the Tuileries Gardens and at the foot of Pyramides station (metro lines 14 and 7), this asset will be refurbished in order optimize the office spaces to prime market standards and offer new services to its future users.
Stephanie Bensimon, Head of Ardian Real Estate, said: "We are delighted to have been able to acquire this building located in a very dynamic central district of Paris. This business district is one of the most sought-after European markets but with a lack of high-quality offers. We look forward to implementing our strategy to redevelop the building, which will count 400 workstations in a modern and pleasant environment.”