Kering buys building in via Monte Napoleone for 1.3 billion. Kering is an international luxury group whose brands include Gucci, Saint Laurent, Bottega Veneta, Balenciaga and Alexander McQueen.
The investment - we read in a note - is part of Kering's selective real estate strategy, which intends to secure highly prestigious and sought-after positions for its Maisons. The property is controlled by Blackstone Property Partners Europe, for a value of approximately 1.2 billion euros.