Published by Global Banking & Finance Review®
Posted on January 15, 2025
1 min readLast updated: January 27, 2026
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Kering and Ardian have agreed on an $860 million deal to transfer Paris real estate assets to a joint venture, with Kering retaining 40% ownership.
PARIS (Reuters) - Gucci owner Kering and French private equity firm Ardian struck a deal to transfer three Paris real estate assets to a newly created joint venture, the companies announced on Wednesday, saying net proceeds for Kering would amount to 837 million euros ($860.27 million).
The portfolio includes a building on place Vendome and two others on avenue Montaigne, all located in Paris's main luxury shopping area. Kering will retain 40% of the ownership, it said.
($1 = 0.9730 euros)
(Reporting by Tassilo Hummel, Editing by GV De Clercq)
The main topic is the $860 million real estate deal between Kering and Ardian in Paris.
The companies involved are Kering and French private equity firm Ardian.
The deal includes a building on place Vendome and two others on avenue Montaigne in Paris.
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