LVMHF - Let's Do What LVMH Does: Buying High-Quality Real Estate
2024-05-16 07:00:00 ET
Summary
- Luxury goods corporation LVMH Moët Hennessy is expanding into real estate, transforming underdeveloped areas into luxury destinations.
- Investing in high-quality real estate can yield substantial returns.
- Essex Property Trust, Kimco Realty, and Prologis are three REITs that also strategically redevelop assets in attractive areas to create significant value for shareholders.
This article was co-produced with Leo Nelissen .
If you have been following our work on our investing group, you may be familiar with LVMH Moët Hennessy ( LVMHF ), the world’s largest corporation for luxury items.
It owns 75 “houses” (a fancy name for its brands), including wines & spirits, fashion, perfumes, watches, and a wide range of other goods that each come with price tags that look like phone numbers.
These houses include Louis Vuitton, Givenchy, FENDI, Christian Dior, Hublot, Zenith, and many others....
Let's Do What LVMH Does: Buying High-Quality Real Estate