Edmund Eggins, Director at Ardian Real Estate
Up until now, Ardian only operated in Spain using its Infrastructure funds, Mid-Cap Buyout and Growth. «Ardian Real Estate’s arrival in Spain is a natural step. Spain has become a very active key market for our Infrastructure, Buyout and Growth teams, which offers us great knowledge and local exposition, which, together with the big opportunities we see within the real estate sector, made Spain one of the priority countries for our expansion», stated Rodolfo Petrosino, Senior Managing Director in charge of Southern Europe.
Ardian Real Estate’s new Spanish division, which will be managed by Edmund Eggins, will be based on Core Plus and Value Add strategies and focused on investing in and managing non-housing real estate assets located in strategic areas belonging to the main Spanish cities, such as Madrid and Barcelona, with the office segment standing out.
«Spain is a market with great potential thanks to the dynamics of its economy and its business fabric, and attractive for international companies with cities Madrid and Barcelona, which are amongst the most iconic in Europe. I am sure that very interesting projects await us in the coming months», believes Edmund Eggins, Director at Ardian Real Estate.
Ardian has been active for around 5 years, dividing its activity between Real Estate, Fund of Funds, Direct Investment, Infrastructure and Private Debt. Currently, besides Spain, the company also has investments in France, Italy and Germany. In total it has a 16-asset portfolio spread across Paris, Milan, Rome, Munich and Berlin.
With its first fund, AREEF I, the team concluded the 738-million-euro Real Estate fundraising, confirming the confidence investors have on Ardian.