Finance
Japanese tycoon Yanai buys Uniqlo building in Milan for $339 million, source says
Published by Global Banking & Finance Review®
Posted on May 22, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 22, 2025
1 min readLast updated: January 23, 2026
Tadashi Yanai, Japan's richest man, buys a Uniqlo building in Milan for $339 million from Hines, marking a major real estate acquisition.
MILAN (Reuters) -The family office of Japanese billionaire Tadashi Yanai, founder and chief executive of Uniqlo operator Fast Retailing , has agreed to buy a building in Milan for about 300 million euros ($339 million), a source close to the matter said on Thursday.
Yanai, Japan's richest man, is buying the building from U.S. property firm Hines, the source added. Hines declined to comment. Yanai could not immediately be reached for comment.
Hines bought the building in 2016 and renovated it. Located near Milan's main Duomo square, the building stands across from the city's Starbucks Reserve Roastery in the elegant Piazza Cordusio.
Ynai was advised by JLL. The real estate and investment management services firm confirmed it worked as an adviser for a family office involved in the transaction, without giving further details.
The sale was first reported by Green Street News, which said that Yanai had recently bought also a Uniqlo-occupied building in Amsterdam and another one in London.
($1 = 0.8855 euros)
(Reporting by Elisa Anzolin; Editing by Valentina Za)
The building in Milan is being purchased by Tadashi Yanai, the founder and CEO of Uniqlo's parent company, Fast Retailing.
The property is being acquired for approximately $339 million.
The building is being sold by the U.S. property firm Hines.
The building is located near Milan's main Duomo square, across from the city's Starbucks Reserve Roastery.
Yanai has also recently acquired Uniqlo-occupied buildings in Amsterdam and London.
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