Kering acquired the historic Milanese building on via Monte Napoleone 8 for $1.41 bn from a Blackstone subsidiary.
The 18th-century building spans five floors with 11,800 sq. m. gross area, including over 5,000 sq. m. of retail space.
This acquisition is in line with Kering’s real estate strategy, which focuses on securing prime locations for its luxury brands.Kering acquired the historic Milanese building on via Monte Napoleone 8 for $1.41 bn from a Blackstone subsidiary.
The 18th-century building spans five floors with 11,800 sq. m. gross area, including over 5,000 sq. m. of retail space.
This acquisition is in line with Kering’s real estate strategy, which focuses on securing prime locations for its luxury brands.
