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Florence: Cdp sold Palazzo to Ysl

11 January, Il Sole 24 Ore

In Scandicci, the Florence district specialised in luxury leather products, the French group Kering will open a 28 thousand Sq m plant to produce goods under the Ysl brand. The factory will occupy the property known as Palazzo, which Cdp built 25 years ago but it had never been used. Cdp will take for the renovation works and will deliver the finished asset by 2022 for a total investment of 30 million. Ysl will lease the property for 2 million a year.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi