<p>Kering SA has finalized a joint venture agreement with investment firm Ardian for the landmark property at 715-717 Fifth Avenue in New York City. The partnership involves the creation of a new joint venture, with Ardian holding a 60% stake and Kering retaining 40%. The multi-level luxury retail space covers approximately 115,000 square feet on one of New York’s most prestigious avenues. The transaction, valued at USD 900 million, marks Ardian’s first real estate investment in the United States and is part of Kering’s strategy to optimize its real estate portfolio while maintaining long-term access to prime retail locations. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kering SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001145070-en) on December 16, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)</p>

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<p>Kering SA and Ardian have formed a joint venture for a landmark property at 715-717 Fifth Avenue, New York City. Ardian holds a 60% stake, Kering 40%. The luxury retail space spans 115,000 sq ft, valued at USD 900 million. This marks Ardian's first US real estate investment, aligning with Kering's strategy to optimize its real estate portfolio.</p>

Kering and Ardian Form Joint Venture for Landmark New York Property