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Announced

Ardian to acquire WestendCarree from publity for $246m.

Synopsis

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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