A €200m Deal Secures 15-Year Income from Luxury Brand Moncler in Milan’s Fashion Quarter
taly’s Biggest Office Transaction in Two Years Takes Place as Valesco Adds Another Trophy to Its Portfolio
In a landmark deal for Italy’s real estate market, The Valesco Group has acquired a majority stake in luxury fashion brand Moncler’s global headquarters in Milan for approximately €200m. This transaction, the largest single-asset office sale in Italy in over two years, demonstrates the growing demand for premium office spaces backed by blue-chip occupiers.
The seller, French property group Covivio, developed the 38,000 sq m (409,000 sq ft) property in Milan’s Symbiosis fashion district. The deal reflects a 5.5% yield on stabilised rental income and builds upon Valesco’s success with the €460m Sequana Tower acquisition in Paris last year.
The six-storey building, designed by renowned architects Antonio Citterio & Patricia Viel, will serve as Moncler’s global headquarters upon its completion in 2025. The luxury brand, founded in 1952 and valued at €13bn, has signed a 15-year inflation-linked lease with no breaks, providing secure, long-term income for Valesco.
Targeting LEED Platinum certification, the headquarters will feature innovative sustainability measures such as photovoltaic panels, rainwater collection systems, and a repurposed industrial chimney for bioclimatic air circulation. Designed with functionality and elegance in mind, the building will include a gym, restaurants, and a multi-purpose “shed” space for exhibitions and events, reinforcing its role as a cultural hub during Milan Fashion Week.
The property is situated in the heart of Milan’s Symbiosis fashion district, surrounded by industry leaders like LVMH, Prada, and Golden Goose. This prime location aligns with Moncler’s prestigious brand image and ensures proximity to other global fashion powerhouses.
