Gucci owner pays nearly $1B to scoop up tower on red-haute Fifth Avenue
Briefly

"...a further step in Kering's selective real estate strategy aimed at securing key, highly desirable locations for its houses."
"Note that most of the buyers are foreign companies... They don't have to deal with lease expiration dates. Of course there is innate value in buying on the most important retail street in the world."
Read at New York Post
[
add
]
[
|
|
]