Uniqlo Founder Tadashi Yanai to Buy €300 Million Milan Building

Uniqlo founder Tadashi Yanai has agreed to buy a building in Milan’s Piazza Cordusio where the brand’s flagship store is located.

The Japanese billionaire will pay more than €300 million ($339 million) for the 19th century building in the city’s central square, people familiar with the transaction said, asking not to be identified because the details are private.

The 161,000-square-feet structure, called Cordusio 2.0 — acquired by Hines in 2016 — has been home to Uniqlo’s store since 2019. Yanai’s net worth is about $50 billion, according to the Bloomberg Billionaires Index.

Milan’s property sector has seen a renaissance ...