International

Unica Capital Buys Monaco Property Asset for $31.4 Million

  • by- Zaid
  • Jun 2, 2026
European property investment firm Unica Capital has acquired Le Montaigne, a Monaco residential property, for €27 million ($31.4 million), underscoring the strength of the ultra-prime property market.
Unica Capital Buys Monaco Property Asset for $31.4 Million

June 2: "Monaco is one of the cornerstones of Unica Capital's portfolio, and Le Montaigne represents the standard we set for every project we undertake. There is no bubble in the ultra-prime market," said Unica Capital's Swiss founder and CEO Byron Baciocchi.

Defining Ultra-Prime Property

Baciocchi defined 'ultra prime' property assets as those valued at more than €15 million. Property assets valued in the €5-€15 million range are classed as 'prime' real estate. The Le Montaigne residence will be rented out at a price of €180,000 per month.

Resilience Amid Global Headwinds

Even though the impact of the Iran war has hit parts of the global property market, such as in Britain, Baciocchi said a high-end market such as Monaco would be relatively resilient to such headwinds.

Recent Acquisitions

The acquisition of Le Montaigne in Monaco comes just after Unica Capital acquired in April the Gstaad property site Promenade 23, which houses a Ralph Lauren store.