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Apple Store, Florence

Type of Transaction: Single Asset Deals
Strategy: Core
Geographic Focus: Florence, Centre Piazza della Repubblica, Italy
Transaction Volume: 37 Mio. €
Management Approach:
  • Property in the heart of historical Florence
  • Historical building comprising two retail spaces of 1,700 sqm and 500 sqm
  • The main tenant is Apple on the basis of a lease agreement with a fixed term of nine years
  • The second retail space, which was vacant when the lease agreement was signed, was leased long term to the luxury label Moncler before the closing, with occupancy commencing at the end of 2017
  • Evergreen property in a prestigious location with stable and long-term cash flows

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