Ardian to acquire a 60% stake in three real estate properties in Paris from Kering for €837m.

Ardian, a private investment house, agreed to acquire a 60% stake in three real estate properties in Paris, including Hôtel de Nocé, located 26, place Vendôme, and two buildings located on avenue Montaigne, at 35-37 and 56, from Kering, a global Luxury group, for €837m. “We are proud to partner with Kering, a global leader in luxury, to invest in iconic, stabilized properties on the premier luxury streets of Paris. This long-term, innovative joint venture embodies a transformative approach to real estate strategies for luxury groups like Kering, while opening new avenues for growth and leveraging our expertise to deliver exceptional value for our investors,” Stéphanie Bensimon, Ardian Mmeber of the Executive Committee, Member of the Board of Ardian France and Head of Real Estate.