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retail-shopping-centers Assets News: Italian Real Estate Intelligence

Savills sold Jil Sander flagship store in Quadrilatero, Milan
02 August, CBRE Savills Investment Management, with the assistance of CBRE, sold the high-street retail part (640 Sqm) of a prestigious mixed-use building located in Quadrilatero, Milan. The store accommodates the luxury brand Jil Sander, which belongs to OTB Group (Only The Brave). The buyer is Red Circle Srl, founder of the brand Diesel and OTB Group. Source: CBRE Translator: Cristina Ambrosi
 
Barings sold Parco Fiore Retail Park near Treviso
21 July, Bebeez Barings, acting through Kryalos sgr, sold Parco Fiore Retail Park in San Fior (Treviso) to an Austrian institutional investor. Located in one of the most dynamic areas of the northeast of Italy, the shopping centre was completed in 2019 in compliance with the ESG criteria and covers 27,000 Sqm. It includes 14 stores and is fully leased to leading international brands such as MediaWorld and Decathlon. Source: Bebeez Translator: Cristina Ambrosi