Ardian closes second real estate fund as it targets Green+ opportunities | AltAssets Private Equity News

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France-based private equity house Ardian has closed its second real estate fund on €1.2bn, as it refocuses to ESG assets. Speaking on this move, Stéphanie Bensimon head of Ardian Real Estate said, “Companies have been re-thinking ways of working for a number of years, but this shift was accelerated by the pandemic. “Tenants are increasingly demanding high-quality and green spaces in strategic locations with strong sustainability credentials or what we call “Green+” buildings. Earlier this month, Ardian bought a majority stake in Biofarma Group at a reported €1.1bn valuation. The Italian company develops and packages food supplements, medical devices and probiotic-based products and cosmetics.

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