Finance
Kering reaches $860 million Paris real estate deal with Ardian
Published by Global Banking & Finance Review®
Posted on January 15, 2025
1 min readLast updated: January 27, 2026
Quick Summary
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.
Kering and Ardian Strike $860M Paris Real Estate Deal
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)
Key Takeaways
- •Kering and Ardian form a joint venture for Paris real estate.
- •The deal involves $860 million in assets.
- •Kering retains 40% ownership in the venture.
- •Assets include buildings in Paris's luxury shopping area.
- •The transaction enhances Kering's financial strategy.
Frequently Asked Questions about Kering reaches $860 million Paris real estate deal with Ardian
1What is the main topic?
The main topic is the $860 million real estate deal between Kering and Ardian in Paris.
2Who are the companies involved?
The companies involved are Kering and French private equity firm Ardian.
3What assets are included in the deal?
The deal includes a building on place Vendome and two others on avenue Montaigne in Paris.
