Savills News

Savills advises Merope on the leasing of historic Milan building to luxury US furniture & design brand

Savills has advised Merope Asset Management on the leasing of the iconic Palazzo Principe di Piombino on Corso Venezia 56, in Milan, to a leading luxury furniture and design brand.

The retailer will occupy 5,500 s qm of space, plus a large internal courtyard and garden of over 1,000 sqm. The building will undergo some restoration and redevelopment to transform the space, which will represent the brand’s physical debut into the Italian market. 

 

"The leasing of this iconic building by an international retailer cements Milan’s position as a prolific destination for brands looking to expand across key European markets,” says Francesca Cattagni, Head of High Street Leasing of Savills in Italy, "We are observing an increasing number of brands that are interested in gaining physical exposure in the city.  This deal closed during the week of the Salone Del Mobile, a timely synergy for Milan and it’s international reputation for being at the forefront of international fashion and design".

 

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