Valesco Acquires €200M Stake in Moncler HQ Project
Deal News | Dec 04, 2024 | PR Newswire Cision New World Group
The Valesco Group, a portfolio company of New World Group, has acquired a majority stake in the €200 million development of Moncler's global headquarters in Milan's Symbiosis district. This acquisition marks Italy's largest office transaction since 2022 and underscores the group's strategy to invest in strategic, high-quality assets across key international markets. The cutting-edge headquarters, developed by Covivio SA and designed by Antonio Citterio and Patricia Viel, is set to achieve LEED Platinum certification, emphasizing innovation, luxury, and sustainability. Moncler has secured a 15-year inflation-linked lease for the building, which includes premium amenities such as a gym and event spaces, enhancing Milan's status as a global fashion hub. This transaction aligns with New World Group's vision of shaping future business hubs and reflects the recovery in demand for high-quality office spaces among blue-chip corporates.
Sectors
- Real Estate
- Fashion
Geography
- Italy – The acquisition and development of Moncler's global HQ is taking place in Milan, a major city in Italy.
- Europe – The transaction underscores New World Group's strategic interests in European markets.
Industry
- Real Estate – The article discusses a major real estate transaction involving the acquisition of Moncler's global headquarters by Valesco Group.
- Fashion – Moncler, a luxury fashion brand, is the central entity in the development of its new headquarters, impacting the fashion industry.
Financials
- €200 million – The investment amount for the majority stake in Moncler's global HQ development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| New World Group | Parent company | Company | A diversified investment firm with a focus on strategic, high-quality opportunities in Europe and Asia. |
| Valesco Group | Buyer | Company | A portfolio company of New World Group specializing in ESG-driven real estate investments. |
| Covivio SA | Developer | Company | Responsible for developing the Moncler HQ and known for high-quality developments. |
| Moncler | Target company | Company | An iconic global luxury fashion brand with a new headquarters being developed in Milan. |
| Adam Sadiq | CEO of New World Group | Person | CEO of New World Group, involved in the transaction for acquiring Moncler's global HQ. |
| Shiraz Jiwa | CEO of The Valesco Group | Person | Founder and CEO of The Valesco Group, instrumental in the acquisition deal. |
| Antonio Citterio and Patricia Viel | Architects | People | Architects responsible for the design of Moncler's new global headquarters. |