French Luxury Group & Owner of Gucci Kering Buys 18th Century Building in Italy Milan Exclusive Shopping District for $1.4 Billion from Blackstone Property Partners Europe, The Building is on via Monte Napoleone 8
12th April 2024 | Hong Kong
French luxury group & owner of Gucci, Kering has announced to buy an 18th century building in Italy Milan exclusive shopping district for $1.4 billion (€1.3 billion) from Blackstone Property Partners Europe. The building is on via Monte Napoleone 8. Announcement (4/4/24): Kering today announced the acquisition of the company owning the iconic and historic Milanese building on via Monte Napoleone 8, for a consideration of approximately €1.3 billion, from a subsidiary of Blackstone Property Partners Europe. Located on the most prominent corner of the city’s Quadrilatero della Moda, the 18th century building is developed over five floors, totaling 11,800 sq. m. gross area. The property includes more than 5,000 sq. m. of retail space, making it one of the largest in via Monte Napoleone. This investment is part of Kering’s selective real estate strategy, aimed at securing key highly desirable locations for its Houses. Kering remains focused on proactively managing its real estate portfolio with the short- to medium-term objective of retaining a stake in its prime assets alongside co-investors in dedicated vehicles. About Kering – A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin and Ginori 1735, as well as Kering Eyewear and Kering Beauté. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2023, Kering had 49,000 employees and revenue of €19.6 billion.
“ French Luxury Group & Owner of Gucci Kering Buys 18th Century Building in Italy Milan Exclusive Shopping District for $1.4 Billion from Blackstone Property Partners Europe, The Building is on via Monte Napoleone 8 “
French Luxury Group & Owner of Gucci Kering Buys 18th Century Building in Italy Milan Exclusive Shopping District for $1.4 Billion from Blackstone Property Partners Europe, The Building is on via Monte Napoleone 8
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit