JLL’s Private Wealth Capital Markets team has orchestrated the sale of a landmark retail property at Piazza San Babila 5, representing another compelling chapter in Milan’s high street investment narrative. The exclusive advisory mandate connected a private real estate investor with Fabrica SGR, one of Italy’s leading institutional players, in a transaction that underscores the enduring appeal of prime Italian retail.
The property occupies one of Milan’s most coveted addresses, positioned as a natural extension of the famed Quadrilatero della Moda. Currently tenanted by an international fashion brand under a long-term lease, the asset delivers exactly what institutional investors seek: stability, prestige, and minimal risk exposure. It’s the kind of core and core plus opportunity that rarely surfaces in a market where prime inventory remains notoriously tight.
San Babila continues to cement its status as a cornerstone of Milan’s luxury retail ecosystem. The piazza attracts operators hunting for strategic, liquid assets in a city that has proven remarkably resilient in maintaining property values over extended horizons. This transaction speaks to a broader truth: high street retail in premier locations isn’t just surviving but thriving, buoyed by blue-chip international tenants and structural scarcity of comparable product.
Fabio Pompignoli, Head of Private Wealth Capital Markets at JLL Italia, led the charge for the real estate advisory giant. Supporting the technical dimensions of the deal was JLL’s Building Consultancy division under Federica Saccani’s direction.
The transaction assembled a formidable roster of specialized advisors. Studio SR Consulting, through Gian Luca Lanzotti, provided fiscal guidance for the seller, while Bonelli Erede’s Maria Milanese handled the legal architecture. On the acquisition side, Gianni & Origoni deployed a multidisciplinary team led by Maria Lisa Salvatori to navigate Fabrica SGR through the contractual complexities.
For those tracking capital flows into European retail, this deal offers fresh evidence that institutional appetite for Italian luxury corridors remains robust, particularly when assets combine irreplaceable location with covenant strength.
Source: Idealista
