Ardian, a world-leading private investment firm, announces the sale of the Renaissance building, one of its iconic real estate assets, located at 26bis – 32 rue François 1er, in the Paris Golden Triangle.

Ardian had acquired this historic complex, the former headquarters of the Europe 1 radio station, in May 2018 through Ardian Real Estate European Fund I. Ardian led a major restructuring project to reposition it as a unique, modern, and exceptional mixed-use building (for both office and retail), meeting the highest market standards.

Today, Renaissance is home to international law firm A&O Shearman, which occupies high-end office space, as well as prestigious names such as world-renowned art gallery Hauser & Wirth, Japanese fashion house Issey Miyake and luxury car manufacturer Jaguar Land Rover.

“Renaissance embodies a unique product which is the fruit of a project management effort of rare complexity and exemplary execution. The inimitability of this project, both in terms of its location and the quality of its execution, makes it a benchmark in the market. It is precisely this uniqueness that gives Renaissance its remarkable liquidity, even in a core market environment where there are not currently many transactions of this scale.” Sébastien Bégué, Head of Real Estate Investment Management & Managing Director, Ardian

“The sale of Renaissance, in a European market now showing signs of recovery, is a perfect illustration of Ardian’s ability to anticipate investor expectations and enhance the value of exceptional assets. This success testifies to the unique expertise of our teams in repositioning emblematic buildings and confirms the renewed appetite of long-term investors for high-quality products.” Stéphanie Bensimon, Member of the Executive Committee, Member of the Board of Ardian France & Head of Real Estate, Ardian