New York City's Fifth Avenue has been dethroned as the world's most expensive shopping street — here's the new Top 10 [Business Insider]
Cushman & Wakefield plc Ordinary Shares (CWK)
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm
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Source: Business Insider
Luxury giant Kering recently purchased a $1.4 billion building in the elite district. New York City's Fifth Avenue has been dethroned as the most expensive shopping street in the world, according to a new report from a global real estate firm Milan's Via Monte Napoleone has taken the crown — marking the first time a European city has topped a list compiled by property consultancy Cushman & Wakefield. The report assessed annual rents globally for 138 luxury shopping districts — from Tokyo to Paris to Zurich. "Despite challenging market conditions and the dynamic development of e-commerce, the demand for physical retail space in the best locations remains unbroken," Cushman's head of retail investment, Andreas Siebert, said in a statement. Earlier this year, for instance, Gucci and Saint Laurent owner Kering spent $1.4 billion to acquire one of the largest buildings in Via Monte Napoleone from Blackstone. Luxury giants are placing billion-dollar bets on physical storefronts
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- 11/14/24 - Form SC
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- CWK's page on the SEC website