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New Deal


Announced

Ardian to acquire WestendCarree from publity for $246m.

Financials

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Transaction Value£182m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Friendly

Single Bidder

Real Estate Holding and Development

Private Equity

Private

Majority

Cross Border

Germany

Acquisition

Real Estate

office building

Synopsis

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Ardian agreed to acquire WestendCarree, an office building in Frankfurt, from publity, a real estate investment company, for $246m. “We are pleased to adapt the amenities of the WestendCarree to offer state-of-the-art office space configurations and working conditions.. Our work will continue to focus on taking into account current ESG criteria and requirements resulting from the coronavirus pandemic. In view of this initial situation and outlook, we are very pleased with the acquisition of WestendCarree as a very attractive property in a market with a very tight supply," Bernd Haggenmüller, Ardian Senior Managing Director Real Estate.

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