Ardian closes second European real estate fund

The $120 billion alternative asset firm Ardian raised €1.2 billion ($1.36 billion) for its second real estate fund, highlighting the growing interest in the European real estate market as the pandemic brings about seismic changes in work and lifestyle behaviors across the continent.

AREEF II caps off five years of growth since the inception of Ardian Real Estate and represents an increase of more than 60% on Ardian Real Estate’s inaugural fund, which totaled €737 million.

The new fund is already 50% deployed and will invest in assets valued between €50 million . . .

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