The Valesco Group has announced the majority controlling investment in Moncler’s state-of-the-art global headquarters in Milan, being developed by Covivio SA for delivery in 2025. The price of approximately €200 million ($210 million) reflects a net initial yield of 5.5 percent on stabilized rental income.
It is considered one of the largest office transactions in Italy for more than two years.
The 38,000 square-meter (409,000-square-foot), six-story property, designed by renowned architects Antonio Citterio & Patricia Viel (ACPV) and developed by Covivio SA, embodies innovation and sustainability. Upon its completion in 2025, it will serve as the global headquarters of Moncler, one of the world’s most prestigious luxury fashion brands.
Moncler, founded in 1952 and with a market capitalization of €13 billion ($14 billion), has signed a 15-year inflation-linked lease without breaks. The headquarters is set to provide a new benchmark of amenities for
