Fifth Avenue Archives | Weekly Real Estate News

Gucci Owner Kering Buys NYC Fifth Avenue Retail Space for $963 Million

by Phil Hall | Jan 22, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Kering (OTC:PPRUY), the French luxury group that owns the Gucci, Saint Laurent and Alexander McQueen brands, has acquired a multi-level retail space on New York City’s Fifth Avenue. The company paid $963 million for the 715-717 Fifth Ave. property on the southeast...

After 26 Years of Renting, Prada Buys Its Flagship NYC Store Property

by Phil Hall | Dec 20, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

After leasing its flagship store on New York City’s Fifth Avenue since 1997, the luxury retailer Prada (OTC:PRDSF) is paying $425 million to buy the property. Reuters reported Prada will take ownership of the five-story store and its accompanying seven-story office...

Gucci Owner Kering Buys NYC Fifth Avenue Retail Space for $963 Million

After 26 Years of Renting, Prada Buys Its Flagship NYC Store Property

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