Kering and Ardian Partner to Invest in Prime Paris Real Estate

Kering, a global luxury group, and Ardian, a world-leading private investment house, have signed a binding investment agreement regarding prime real estate assets in Paris. This strategic partnership allows Kering to secure long-term retail locations for its Houses while preserving financial flexibility. Ardian gains access to an exclusive real estate market and opens new avenues for growth.

The portfolio comprises three highly prestigious properties: Hôtel de Nocé, located at 26, place Vendôme, and two buildings on avenue Montaigne, at 35-37 and 56. Kering is contributing these assets to a newly created joint venture, with Ardian holding a 60% stake and Kering retaining 40%. Net proceeds for Kering amount to €837 million.

This transaction aligns with Kering's selective real estate strategy, aimed at securing exceptional retail locations for its Houses in the world's most emblematic luxury districts. For Ardian, this long-term partnership represents a rare opportunity to further establish its real estate footprint in Paris, offering clients access to a very exclusive real estate market.

The deal is expected to close in the first quarter of 2025, pending the fulfillment of customary conditions for real estate transactions. Jean-Marc Duplaix, Kering Deputy CEO and Chief Operating Officer, stated, "We are very pleased with this partnership, which allows us to secure for the long term highly prominent retail locations while preserving our financial flexibility. With Ardian, a leading investment firm, we have found a quality partner with whom we share a French heritage and a common vision."

Stéphanie Bensimon, Member of the Executive Committee, Member of the Board of Ardian France and Head of Real Estate at Ardian, commented, "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."



This partnership between Kering and Ardian highlights the importance of strategic real estate investments in the luxury sector. By securing prime retail locations, luxury groups can enhance their brand presence and drive long-term growth. Ardian's expertise in real estate and private investment enables it to deliver exceptional value for its clients while contributing to Kering's long-term success.

In conclusion, the partnership between Kering and Ardian demonstrates the significance of strategic real estate investments in the luxury sector. By securing prime retail locations and leveraging their expertise, both companies can drive long-term growth and create value for their respective stakeholders.