Ardian real estate signs agreements to acquire two major buildings in Paris

The first transaction is for an office building located on 2 place Rio-de-Janeiro in the 8th district of Paris, near the Parc Monceau. This complex will be subject to a complete refurbishment to bring it in line with prime standards.

The second acquisition, the radio station ‘Europe 1’’s building, has been the headquarters of the radio station since it was established in 1955. The complex is located at 26 to 32 rue François 1er in the 8th district of Paris, within the Golden triangle of Parisian real estate. The building will be subject to a large refurbishment in order to, notably, optimize office spaces to prime standards and create new spaces for high quality retail shops. This acquisition is the second completed with Lagardère, after acquiring the Europa building in Levallois-Perret in June 2017.

Stéphanie Bensimon, Managing Director Ardian Real Estate, said: “Signing these two sales agreements just a few days after successfully raising over 700 million euros for our first-time Real Estate fund is a reflection of the strength of the team, as well as its ability to find attractive investment opportunities. Both acquisitions are perfectly in line with our “core-plus/value-added” strategy and we look forward to apply our redevelopment plans to bring these properties to prime standard.”