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Blackstone Sells Asset in Milan, Montenapoleone 8

10.03.24

Simpson Thacher is representing Blackstone Property Partners Europe in connection with the sale of its iconic asset in Milan, Montenapoleone 8, to global luxury group Kering for approximately €1.3 billion. The 18th century Milanese building on via Montenapoleone 8 is developed over five floors, totaling 11,800 square meters and the property includes more than 5,000 square meters of retail space.

The Simpson Thacher team includes Wheatly MacNamara, Luca Sportelli, Manfredi Sclopis and Claudia Haavik (M&A); and Sarah Lindley and Chris Dorman (Tax).