Ardian, a world-leading private investment house, announced it has sold RIO, a prime office building in the prestigious Monceau Business Area of Paris, to M&G, a global investment manager.
The iconic site, first built in the 1920s, is located in the heart of the central business district at 2 place Rio de Janeiro in Paris, France, and was acquired by Ardian in 2018.
Since acquisition, Ardian’s expert Real Estate team has completed a global repositioning of the property to best-in-class standards, overseeing a heavy refurbishment that has been designed by DTACC architect firm.
Comprising 8,676 sq ft of lettable area across eight floors, it offers tenants prime quality office space. Key features include improvements to the art-deco inspired, double height entrance hall, as well as the installation of a restaurant, auditorium and fitness centre for tenant use.