Valesco completes largest Italian office deal in three years

London-based real estate fund manager Valesco Group has completed a €200 mln majority controlling investment in Casa Moncler, the new global HQ for luxury fashion brand Moncler in Milan. 

Casa Moncler, Milan

This transaction, the largest in the Italian office sector in three years, was partly financed by an €80 mln green loan from BNP Paribas, secured at a record-low margin for the Milan commercial real estate market.
Moncler has signed a 15-year, inflation-linked lease without breaks for Casa Moncler. Inaugurated in October 2025, the campus in Milan’s prime Symbiosis district consolidates over 700 Moncler employees from three previous Milan offices into a single headquarters, housing all creative, corporate, and commercial functions.
The 38,000 m2 Grade A+ campus sets a new standard for amenities, featuring a 600 m2 gym, diverse dining options, and a multi-purpose auditorium. It boasts advanced sustainability features, targeting LEED Platinum and WELL certification, including photovoltaic panels, rainwater collection, and a repurposed industrial chimney for bioclimatic air circulation. The construction prioritises energy efficiency, natural materials, and indoor air quality.
Shiraz Jiwa, founder and CEO of The Valesco Group, commented: “Casa Moncler is a pinnacle of world-class office design, sustainability and return on occupier experience and we are delighted to have completed another landmark office investment – and one of Europe’s most sizeable in recent years – adding another long-let mission critical asset to the portfolio and further enhancing its strong income profile. The transaction with BNP Paribas was underpinned by strong alignment and collaboration.”
Umberto Di Giorgio, head of Real Estate Capital Markets Italy, BNP Paribas, added: “The financing we provided is structured as a green loan based on the outstanding ESG profile of the underlying asset, with strong visibility on the cash flow generation during the loan lifespan. The transaction confirms once again the strong interest of investors for Tier 1 office properties. We are confident that this first deal paves the way to further expand the relationship between the two groups, both in Italy and across Europe.”
Valesco was advised by Dils, Chiomenti, A&O Shearman, Marchetti, PwC, Savills IM and Arcadis.