Prada to Buy Building Housing Flagship Store on New York’s Fifth Avenue for $425 Million

Par

Bloomberg

Translated by

Anne SCHILLING

Published on

Dec 20 2023

Prada has agreed to buy the building housing its flagship store on New York’s iconic Fifth Avenue – one of the world’s greatest shopping streets – for $425 million, or €387 million, the request of American consumers resisting inflation and high borrowing costs.Prada 724 Fifth Avenue New York – Europapress.es The Hong Kong-listed Italian fashion company is leasing its boutique in the 12-story building at 724 Fifth Avenue, according to the stock exchange filing made on Wednesday. She said the property’s location offered high strategic value following an influx of residential, hotel and commercial investment in the area.

2023-12-20 16:18:15
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