Ardian | Real Estate

Unlocking value in Europe’s leading economies

Ardian Real Estate is a leading European property investor, with approximately €4bn under management. The team has a solid track record of acquiring and upgrading office and mixed-use properties in European gateway cities. These are characterized by robust economic growth and a scarcity of high-quality space, presenting opportunities to create significant value and attract high-quality tenants.

Launched in 2015, Ardian Real Estate’s “build-to-green” strategy transforms obsolete buildings into modern properties that meet high ESG standards. In each target market, local investment teams actively manage administrative, construction and leasing risks while maintaining close oversight of ongoing projects.

The team
Real Estate investments

€1.2BN

Size of Ardian Real Estate European Fund II
25

professionals dedicated to Real Estate
4

local offices: Paris, Frankfurt, Milan and Madrid

A distinctive, targeted investment strategy

Our first two Real Estate funds followed an innovative Core-Plus and Value-Add strategy, targeting well-located office and mixed-use buildings in major European cities such as Paris, Milan, Rome, Munich, Frankfurt, Berlin and Madrid. As part of our diversification strategy, we are now targeting a wider range of European real estate assets including offices, mixed-use, self-storage, residential and other alternative uses, guided by our “best-use best-place” philosophy.

Local knowledge and active management

Our Real Estate investment teams, based in the commercial and financial hubs of our target countries - Paris, Frankfurt, Milan and Madrid – possess deep experience and extensive networks within their respective local markets. This expertise enables them to identify opportunities best suited to Ardian’s strategy. Each project is closely managed by the same team from acquisition to disposal, with a hands-on approach during all phases of the investment cycle. This method ensures agile and well-informed decision-making during the asset management phase, which is crucial for achieving targeted returns.

Extending our vision of sustainable finance to Real Estate

Since inception, Ardian’s Real Estate activity has been committed to decarbonizing obsolete buildings by undertaking extensive refurbishments that deliver Green+ assets. ESG principles are central to our Real Estate value-creation strategy and inform its capex approach. Our asset management approach integrates ESG criteria to improve each portfolio building’s energy efficiency, limit its environmental impacts and increase users’ well-being. The Team measures the carbon impact of every building (including during the construction phase) and strives to align its transformation with the objectives of the Paris Agreement.

Better and Greener environments: Ardian Real Estate's strategy

Discover our strategy of selecting the best assets in prime location, where the supply of quality buildings is low and demand inelastic.

The team

Our Real Estate 25-strong multilocal team is based in our offices in Frankfurt, Madrid, Milan and Paris.

The Full Team

"Raising Europe’s largest first-time Real Estate fund demonstrates the quality and credibility of our multi-local team and of the Ardian brand."

Stéphanie Bensimon Member of the Executive Committee, Member of the board of Ardian France & Head of Real Estate

Stéphanie Bensimon

Member of the Executive Committee, Member of the board of Ardian France & Head of Real Estate

Bernd Haggenmüller

Senior Managing Director

Rodolfo Petrosino

Senior Managing Director

Matteo Minardi

Head of Real Estate Italy & Managing Director

Managing Director

Managing Director

Managing Director

Managing Director

Director

Director

Director

Director

Director

Director

Director

Senior Investment Manager

Luis Huete

Senior Investment Manager

Investment Manager

Investment Manager

Investment Manager

Investment Manager

Investment Manager

Miguel de la Esperanza

Analyst

Paolo Menna

Analyst

Irene Peressotti

Analyst

Discover our portfolio of real estate assets in Europe

See the entire list

All News & Insights

A deep-dive into the Real Estate team at Ardian

Resource Center, Real Estate Testimony

Creating Value: Ardian Real Estate’s transformative powers

Architects of Ardian: Strengthening through strategic selection

In this series, we tell the stories behind how Ardian’s portfolio companies create lasting change in their sectors. This article focuses on the Ardian...

Real Estate Inside Ardian Growth stories

Real Estate cherry-picking strategy at Ardian

Cherry-picking with our Real Estate team: for Better and Greener Environments

Real Estate Responsible finance

Entrepreneurial Journeys, a podcast by Ardian

Ardian and the architect Franklin Azzi envision the office spaces for tomorrow's real estate assets

Real Estate Growth stories

FOCUS ON TEMPLE BUILDING - Fashioning a futuristic corporate HQ for a tech leader

Ardian Real Estate acquired 106 Rue du Temple in July 2020 and pre‑leased the 7,500sqm building to Ledger in July 2021, 20 months before the...

Real Estate Growth stories

Melzi d’Eril, a landmark office building in the heart of Milan

Real Estate Growth stories

Ardian Gender equality in the real estate sector Stephanie Bensimon

Gender equality in the real estate sector: where do we stand?

Real Estate Responsible finance

Ardian Interview with Sanofi, view on a Parisian building at a crossroads

Quality comes first in the office of the future

Real Estate Market watch

Illustration Entreprenarial Journeys.jpg

Workplace experience in Sanofi’s new hub

Real Estate Market watch

"Entrepreneurial Journeys", a podcast from Ardian

Buyout, Expansion, Infrastructure, Real Estate, Growth, Ardian Growth stories

Discover Ardian Real Estate ESG approach with Rodolfo Petrosino, Senior Managing Director

Real Estate Responsible finance

Dive into the vision of Ardian Real Estate with Stéphanie Bensimon, Head of Ardian Real Estate

Real Estate Market watch

All News & Insights

Real Assets Debt

Ardian Real Assets Debt provides senior loans for projects that involve repositioning and active management of assets in major French, German, Italian and Spanish cities. Its investment approach is therefore fully aligned with the core-plus/value add strategy that our Real Estate activity pursues, and supports projects that aim to achieve material improvements in sustainability performance, contributing to the rejuvenation of the real estate stock.

Awards

ESG - Environmental Social Governance & Investment and Asset Management

The Plan Real Estate Awards

In February 2024, Ardian won two awards at the The Plan Real Estate Awards ceremony for its Real Estate project Via Santa Margherita 11: ESG - Environmental Social Governance and Investment and Asset Management.

February 2024

“1 immeuble 1 oeuvre”

In July 2021, Ardian Real Estate has won the award “1 immeuble 1 oeuvre” (1 building 1 artwork) from the French Ministry of Culture and Communication for its project with photographer Sacha Goldberger on the Renaissance building in Paris.

July 2021

Pierres d’Or

In July 2021, Stéphanie Bensimon, Head of Ardian Real Estate, was awarded the Real Estate Parity Award 2021 at the Pierres d’Or.

July 2021

Im immobilienmanager

Ardian Real Estate received the IM award for the recent sale of the Konrad asset in Germany. Ardian Real Estate was distinguished in the investment category for this sale, which generated exceptional returns for its investors.

February 2020

Our latest publications

Ardian Corporate Brochure

2024

Read the brochure

Ardian 2023 Integrated Report

2024

Read the report

We are now a recognized player in our markets for the types of deal we target, and we have gained a reputation as a reliable name to do business with.

Stéphanie Bensimon Member of the Executive Committee, Member of the board of Ardian France & Head of Real Estate