Jannik Sinner: Milan Investments – Tennis Star’s Wealth
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Jannik Sinner’s Milan Real Estate Investments: A Deep Dive into the Tennis Star’s Financial Strategy
While preparing for the new season, tennis sensation Jannik Sinner is strategically investing his substantial earnings. Recent analysis by Corriere della Sera, examining notarial deeds, asset appraisals, and company documentation, reveals a critically important focus on real estate, particularly in Milan.This article provides a detailed reconstruction of Sinner’s financial and real estate strategy, centered around the acquisition of two prestigious properties in central Milan and a concurrent reorganization of the companies managing his assets.
The purchase of Properties in the Center of milan
In 2023, Jannik Sinner, through his Italian company Foxera Re Com sas, acquired two apartments designated for office use within casa Barelli, a historic building located on Corso Venezia, near Piazza San Babila. The properties boast a combined surface area of 692 square meters (403 sq m and 289 sq m respectively). The seller was the Buziol-Dametto family, owners of the Replay clothing brand, indicating a transaction between established Italian business interests.
The total investment exceeded €6.5 million, equating to approximately €10,000 per square meter. This price point aligns with the premium rates commanded by properties in Milan’s most sought-after districts. Milan’s real estate market is known for its high demand and limited supply, particularly in central locations, driving up prices. The Corso Venezia area is particularly desirable due to its proximity to high-end shopping, cultural attractions, and business centers.
The Mortgage and the Financing Structure
The real estate acquisition was financed through a combination of internal resources and bank debt. Approximately €2.9 million was provided as an interest-free shareholder loan from Foxera Re monaco, the parent company controlling the Italian entity. This demonstrates a strategic use of internal capital within the Foxera group.
The remaining €4 million was secured through a 15-year mortgage with an effective annual interest rate of around 5%,consistent with market conditions in 2023. The loan was provided by CheBanca!, which has since merged into Mediobanca premier and is now part of the Monte dei Paschi di Siena group.this wasn’t a subsidized loan, but a standard mortgage structured for a substantial amount. The choice of CheBanca! (now Med