BMO Real Estate Partners (BMO REP), a pan-European property investment and asset management specialist that is part of Canada’s BMO Financial Group’s €228 billion ($252 billion) global asset management business, has completed the acquisition of three prime retail properties in Milan and Copenhagen for a combined €65 million ($72 million) on behalf of Best Value Europe II (BVE II), its pan-European retail property investment fund.
In the center of Milan, two prime retail assets totaling 716 square meters (7,707 square feet) have been acquired in sale and leaseback transactions. The first property is located on the pedestrianized Corso Vittorio Emanuele II, one of Europe’s most established and popular retail destinations for mid- to high-end retailers and is let to baggage and accessories brand Carpisa. The second property is located on the mile-long Corso Buenos Aires, which connects Milan’s historical center to its business district, and is let to Yamamay, the pr
