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Real EstateProject Minerva
Netherlands
ResidentialResidentialProject Minerva is a 26,060 sqm gross floor area (GFA) student accommodation that has 596 fully furnished modern studios, each with a private kitchen and bathroom, alongside 300 sqm off office space and a rich variety of communal space and amenities that include a gym, cinema, co-working spaces, a rooftop terrace and green courtyard. The property has excellent connections to the rest of the city including the nearby 17th Century central canal district, which is a UNESCO world heritage historic site, and has easy access by ferry to the upcoming trendy district of Amsterdam North. It has also been recognised as ‘The Most Sustainable PBSA Asset in Europe’ by student housing industry association: The Class Foundation and has a BREEAM ‘Excellent-in-use’ sustainability certification.
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Co-InvestmentCohnReznick
USA
Business servicesBusiness servicesCohnReznick is the 16th largest US accounting firm (one tier below the Big 4 / Tier 2 firms) with services in assurance, tax, and advisory. The Company serves a variety of end markets, including real estate, financial sponsors, consumer & industrial, public sector, and healthcare.
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GrowthArgon&Co
France
Business servicesBusiness servicesArgon & Co is a global management consultancy that specializes in operations strategy and transformation. Its expertise spans the supply chain, procurement, finance and shared services, working together with clients to transform their businesses and generate real change. Its people are engaging to work with and trusted by clients to get the job done.
Argon & Co has offices in Paris, London, Abu Dhabi, Atlanta, Melbourne, Mumbai and Singapore.Deal team
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Real EstateVendôme/Montaigne portfolio
France
Mixed-useMixed-useVendôme/Montaigne is a portfolio of three high-end real estate properties located in Paris’ most prestigious high streets. The portfolio is composed of the Hôtel de Nocé, located at 26, place Vendôme, and two buildings located at 35-37 and 56, avenue Montaigne. Ardian now owns 60% in this unique prime real estate portfolio.
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ExpansionSicer
Italy
Construction building materialsConstruction building materialsSicer is one of the world leaders in the production of specialty coatings for the high-end ceramic industry. Founded in 1993 in Fiorano Modenese, the heart of the Italian ceramic district, it specializes in the development and production of innovative, high-performance solutions for the surface treatment of high-end ceramic tiles, such as frits, glazes, grits, and inks. With over 500 employees and production sites in Italy, Spain, the United States, Mexico, India, and Indonesia, Sicer has a widespread presence across most of the main global ceramic districts.
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Real EstateProject Cristobal
Spain
ResidentialResidentialCristóbal de Moura is a 347-bed purpose-built student accommodation asset located in Barcelona’s dynamic 22@ innovation district. Designed to offer a premium living experience, the residence features high-quality amenities including a cinema room, gym, yoga studio, swimming pool, and dedicated study areas. Alongside the student residence, the site also includes approximately 3,800 sqm of timber-framed office space, contributing to its mixed-use appeal. Originally initiated in 2018, the project was acquired by Henderson Park and Hines in 2019, with construction starting in 2021 and completion achieved in January 2024 under the Aparto brand. Since opening, the asset has maintained a very high occupancy, underscoring the strong demand for student accommodation in Barcelona. Built to meet the highest international standards in terms of both quality and sustainability, Cristóbal de Moura represents a successful response to the growing need for modern, well-located student housing in supply-constrained urban environments.