(CercleFinance.com) – Kering announces that it has acquired a prestigious real estate asset in New York, comprising luxury retail spaces on several levels and totaling nearly 10,700 m².
The property is located at 715-717 Fifth Avenue, on one of the most emblematic avenues in the world, and was acquired for 963 million US dollars (or approximately 885 million euros).
Kering specifies that this investment is part of its selective real estate strategy aimed at securing key and highly desirable locations for its Maisons.
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