Ardian, a private equity investment firm with assets of US$96bn managed or advised in Europe, the Americas and Asia, has acquired an office building located at 14 rue des Pyramides, in Paris from ZAKA Investments.
This transaction is in line with Ardian Real Estate’s strategy to invest in commercial real estate assets with strong value creation potential, said in statement.
The 3,800 m² Haussmann-style building consists of two interconnected five- and six-storey buildings, organized around a central courtyard. Very well located in the central business district, near the Opera House, the Tuileries Gardens and at the foot of Pyramides station (metro lines 14 and 7), this asset will be refurbished in order optimize the office spaces to prime market standards and offer new services to its future users.
“We are delighted to have been able to acquire this office building located in a very dynamic central district of Paris. This business district is one of the most sought-after European markets but with a lack of high quality offers. We look forward to implementing our strategy to redevelop the building, which will count 400 workstations in a modern and pleasant environment,” said Stéphanie Bensimon, Head of Ardian Real Estate im the statement.