Investments

Project Muse is strategically located near Maastricht city centre and the University Medical Campus. The 9,753 sqm gross floor area (GFA) student accommodations have 506 fully furnished modern studios, each with a private kitchen and bathroom, alongside a variety of communal spaces and amenities that include a gym, study spaces, private dining room, a garden and laundry rooms.

Project More is located in Leiden on the University campus and nearby the Leiden Central Station. The 14,304 sqm gross floor area (GFA) student accommodation offers 703 studios and 600 sqm of common space, divided over 4 buildings. The fully furnished studios offer a private kitchen and bathroom, the shared communal spaces include a game room, lounge area, private dining rooms, laundry rooms, roof terraces and a green courtyard.

Project Condo's first investment is a c.4,000 sqm residential asset with over 60 units located in Frankfurt-Ginnheim. The property will be extensively modernized and upgraded to KfW 55 standard, improving its energy efficiency rating from E to A. An additional increase in floor space is also planned. The asset is ideally located in an attractive residential area north of Frankfurt benefiting from excellent public transport links and proximity to key local infrastructure. This acquisition marks Ardian’s first investment in the German residential market, following a value‑add approach focused on existing properties with high development and ESG potential.

Project Terrassa comprises a seven-floor building located on the site of the former AEG factory in Terrasa, Avinguda Jaume I, 60, acquired from ACCIONA Living & Culture. With its extensive experience in residential development, ACCIONA has transformed the site into a masterplan that will feature residential, tertiary uses, green spaces and over 3.500 sqm of retail. The recently completed asset, which includes 358 rooms and almost 3,000 sqm of indoor and outdoor amenities, will be a reference in the city for university housing.

Project 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.

Vendôme/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.

Cristóbal 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.