Ardian and Rockfield to acquire Blue Gate Project in Aachen from HLG Real Estate.

Ardian, a global private investment firm, and Rockfield, a real estate developer, agreed to acquire Blue Gate Project in Aachen from HLG Real Estate, a commercial real estate developer. Financial terms were not disclosed. “With this transaction, we are now also entering Germany’s student housing market. As a university city, Aachen benefits not only from its proximity to Belgium and the Netherlands but also attracts students from all over the world due to its highly regarded universities. This acquisition, structured as a forward deal, is another important building block of our platform strategy to further strengthen our presence in Europe,“ Nico Rheims, Ardian Managing Director Real Estate.