Home » News » Kering Acquires $963 Million 5th Avenue Building in New York – Latest News and Updates from BFM Business

Kering Acquires $963 Million 5th Avenue Building in New York – Latest News and Updates from BFM Business

The French luxury group announced the acquisition of a 10,700 square meter building on the prestigious 5th Avenue in New York for an amount of 963 million dollars (885 million euros).

The French luxury group Kering announced Monday the acquisition of a 10,700 square meter building on the prestigious 5th Avenue in New York for an amount of 963 million dollars (885 million euros).

“This investment represents a new step in Kering’s selective real estate strategy, aimed at securing key and highly desirable locations for its Maisons,” the group said in a press release.

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2024-01-22 17:49:48
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