Ardian has raised more than €700m for its first Real Estate European Fund, confirming its position as now one of Europe’s leading private equity real estate investors. The fundraising marks the company’s continued growth into new attractive segments of the market as it meets the evolving needs of its investors. Real Estate is Ardian’s fifth pillar of investment activity alongside Fund of Funds, Direct Investment, Infrastructure and Private Debt.
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
Dominique Senequier, President of Ardian, said: “This is a significant achievement for Ardian Real Estate, and indeed for the company more broadly. Ardian has already established itself as a leading player in the global investment industry. Now, this fund confirms our position as one of the key players in 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.”
Bertrand Julien-Laferrière, Head of Ardian Real Estate, added: “This fund is a milestone moment for Ardian Real Estate. The positive reception and strong support for this fund among both existing and new investors show the appetite for this asset class. It is also recognition of Ardian’s strong track record and of the quality of its real estate teams in Paris, Frankfurt and Milan. We have already been able to deploy capital across nine assets that perfectly fit our strategy, highlighting the attractive investment opportunities that exist on the market and we’ll announce significant new transactions in the coming months. With the success of this fund, the market gets a new and exciting entrant that benefits from Ardian’s multi-local presence and long-term, disciplined investment philosophy.”
