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BPPEH Acquires Trophy Milan City Centre Portfolio

24 November 2021

BPPEH has acquired an 80% controlling interest in Reale Compagnia Italiana, a privately-held Italian company that owns a portfolio of high-quality assets primarily located in Milan city centre, and has launched a public tender offer to acquire the remaining shares, for a total purchase price of €1.1 billion.   

The portfolio is comprised of 14 assets totalling 92,500 square meters and is concentrated in central Milan, the city boasting the highest GDP per capita in Italy. The portfolio includes a trophy asset on Via Montenapoleone, Milan’s iconic luxury high street; two landmark office properties in central Milan; nine well-located residential properties in Milan; a 5-star hotel in central Milan, fully leased on a 14-year term to one of Europe’s largest operators; and a historical gallery in central Turin.

About BPPEH

Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) invests in high-quality, substantially stabilised real estate assets across Europe. Investments are concentrated in the logistics, residential and office sectors, with a focus on major European markets and key gateway cities. BPPEH is 100% owned by Blackstone Property Partners Europe.

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All information furnished or otherwise made available by or on behalf of Blackstone Property Partners Europe Holdings S.à r.l. (together with its direct and indirect subsidiaries, “BPPEH”) contained on this website, is not directed at or accessible by persons resident in, or currently located in, the United States, Canada or any other jurisdiction where accessing such information may breach applicable law or regulation (the “Restricted Jurisdictions”).

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