The Investor
02 Apr 2026, 20:10
Kering has finalized a transaction involving its landmark property on Via Monte Napoleone in Milan, as part of its selective real estate strategy.
The company is contributing the historic building to a newly created joint venture with Al Mirqab Group, which will hold an 80% stake, while Kering retains 20% and will account for it under the equity method.
Kering received €729 million in proceeds at closing, with an additional €432 million to be paid in five years, providing both immediate liquidity and deferred value.
The property is located in Milan’s prime luxury district and represents one of the most prominent assets on Via Monte Napoleone. The transaction follows similar real estate partnerships in Paris and New York and is aimed at securing key retail locations while enhancing financial flexibility.
The deal reflects Kering’s broader strategy to optimize its property portfolio while maintaining access to flagship luxury locations for its brands.
The company is contributing the historic building to a newly created joint venture with Al Mirqab Group, which will hold an 80% stake, while Kering retains 20% and will account for it under the equity method.
Kering received €729 million in proceeds at closing, with an additional €432 million to be paid in five years, providing both immediate liquidity and deferred value.
The property is located in Milan’s prime luxury district and represents one of the most prominent assets on Via Monte Napoleone. The transaction follows similar real estate partnerships in Paris and New York and is aimed at securing key retail locations while enhancing financial flexibility.
The deal reflects Kering’s broader strategy to optimize its property portfolio while maintaining access to flagship luxury locations for its brands.