Ardian real estate acquires an office complex on avenue de la grande armée in Paris
Press release
Ardian real estate acquires an office complex on avenue de la grande armée in Paris
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11 July 2018
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Real Estate
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France, Paris
6 minutes de lecture
The 8,120 square metre post-Haussmann style complex comprises two interconnected buildings of six and eight floors. The property will be refurbished to prime standards through an ambitious program to optimize the working and tenant service areas, in accordance with key environmental certifications. The complex is very well located in the axis between the Central Business District and La Défense, adjacent to the Argentine metro station (line 1).
The building is also located on the edge of Porte Maillot, an area where numerous redevelopment projects are set to be unveiled in the coming years. Transport infrastructure is also being developed there, notably with the construction of line E of the Grand Paris Express rail network and Tramway T3, whose Porte Maillot stop will open in 2022.
Stéphanie Bensimon, Managing Director at Ardian Real Estate commented: “We are delighted to have completed the acquisition of this high quality office complex, located in a dynamic Paris district. As Ardian Real Estate’s fourth acquisition in France, we look forward to start working on the property’s redevelopment.”
This transaction follows the acquisition of Lagardère's headquarters in Levallois in 2017. In 2018, Ardian Real Estate acquired the historic Europe 1 radio station's headquarters Rue François 1er and another building, Place Rio de Janeiro, both in the 8th arrondissement.
Participants
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Investment manager / Purchaser
- Ardian
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Purchaser’s advisors
- Victoires Notaires, Linklaters, De Pardieu, Arsène-Taxand, JLL, Orféo
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Architect
- Franklin Azzi
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Seller’s advisors
- BlueBird Immobilier
ABOUT ARDIAN
Ardian is a world-leading private investment house with assets of US$71bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.
Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 500 employees working from fourteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of around 700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
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