BPPEH Disposes Milan Trophy Retail Asset

BPPEH has entered into a binding agreement to sell its asset in Milan, Montenapoleone 8, to global luxury group Kering for approximately €1.3 billion. We believe this to be the largest ever single asset sale in Italy.

More details will be made available in our upcoming BPPEH Annual Report. For further information, please refer to the press release issued by Kering, available at the following link*

BPPEH and its subsidiaries were advised by BNP Paribas, Barclays Bank plc, Eastdil Secured, J.P. Morgan Securities plc, RBC Capital Markets, SMBC Nikko Capital Markets Limited and Mediobanca (Financial Advisors); Kryalos SGR (Real Estate Advisor); Simpson Thacher & Bartlett and PedersoliGattai (Legal Advisors); and PwC (Tax / Financial Advisor).


Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) invests in high-quality, substantially stabilised real estate assets across Europe. Investments are concentrated primarily 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.

*This link directs the reader to third party content. This is not published by BPPEH or incorporated by reference into any of BPPEH’s publications.