“Europe Property Awards 2016” organized by Property Investor Europe (“PIE”), the famous and authoritative European property magazine, is presented to Palazzo Broggi – the Italian business office landmark project in Milan city center acquired by Fosun Property Holdings, as “Investment of the Year - Best Deal Overall”.

“Investment of the Year – Best Deal Overall” Cup awarded by PIE

Property Investor Europe is a prestigious magazine in European property community, Other candidates in addition to Fosun Property Holdings include: AEW Europe, AXA Investment Managers, Deutsche Asset Management, Foncière des Régions, M&G Real Estate, Maya Capital, Nordika Fastigheter AB, Avignon Capital, Revetas Capital, Savills Investment Management and TriGranit.

In July 2015, Fosun announced the successful acquisition of Palazzo Broggi in European continent, another milestone for Fosun Property Holdings’ footprint in Europe following its purchase of Lloyds Chambers in the City of London in October 2013.

Palazzo Broggi is a historic landmark in Milan, located in the commercial, cultural and art center of Milan, within walking distance from Duomo di Milano, the well-reputed tourist landmark and the origin of the city’s life, and also close to Galleria Vittorio Emanuele II, the well-known elegant shopping center. Palazzo Broggi covers a total construction area of around 47,000 sqm, which can be dated back to the beginning of 20th century. Currently, it’s the head office of Unicredit, the largest banking group in Italy.

Unicredit headquartered at Palazzo Broggi

This award fully demonstrates Fosun Property Holdings’ unique insight into identifying market opportunity, as well as the overall recognition of Fosun Property Holdings’ investment capability by European mainstream property community.

Following the acquisition, Plazzo Broggi will embrace its new birth. With further development in Milan, Fosun Property Holdings plans to invite excellent property teams worldwide to join the transformation & upgrading project for the building by respecting and unleashing the beauty of this century-old architecture, in order to fully bring into play its geographic advantage, as well as retrofit the existing business office building based upon more modern and practical standards.

　　The new project in pursuit of “leading a unique living experience and brand new lifestyle” will be completed in 2020 according to the refurbishment plan, including a five-star hotel, high-class retail space, a Grade-A office building, etc.