20 December, Il Sole 24 Ore
The American group Hines is about the close the deal for the acquisition (for over 200 million euro) of the Dolce & Gabbana building in Via della Spiga, Milan, in the heart of Quadrilatero. The asset has a surface of 8 thousand Sq m, 1,600 of which are leased by D&G which is moving to another location.
The American fund Thor Equities bought the building two years ago. Among its global assets, there are shops, hotels, offices and houses for 160 million euro in total.
The new owner will be another American. Hines is one of the biggest real estate companies in the world, with assets assessed around 23.4 billion dollars. In Italy, the group is guided by Mario Abbadessa, and it has recently acquired a building in Piazza Edison in Milan accommodating the offices of the Stock Exchange and of the legal firm Dla Piper. Besides, Hines has been for years a partner of the entrepreneur Manfredi Catella.
Source: Il Sole 24 Ore
Translator: Cristina Ambrosi