We are advising Wilhelm von Finck on its lease

Davis Polk advised affiliates of Wilhelm von Finck on a 16-year lease with Harry Winston, Inc. to renew its existing 19,000 square foot lease of 718 Fifth Avenue and expand into 18,000 square feet of contiguous retail space within 712 Fifth Avenue (a property owned in part by Paramount Group, Inc.). The innovative combination of space within two adjacent properties will enable Harry Winston, Inc. to double the size of its current store within a single integrated retail space across multiple floors at one of the most desirable corners of Fifth Avenue. 

Wilhelm von Finck is one of the principal stockholders of Paramount Group, Inc. and an owner of class “A” Manhattan office properties with fundamental or intrinsic long-term value, including a 50% interest in 718 Fifth Avenue. His USA portfolio includes three Manhattan commercial properties worth approximately $1.5 billion, totaling over 1.1 million square feet and with a varied office and retail tenant roster including Bergdorf Goodman, Henri Bendel and Harry Winston. He is also the owner of substantial European real estate assets.

Paramount Group, Inc. is an owner, operator and manager of Class “A” office properties, including buildings in New York City, Washington DC and San Francisco.

Harry Winston, Inc. is an American luxury jeweler and producer of Swiss timepieces, with retail salons around the world, including New York, London, Paris, Geneva, Tokyo, Hong Kong and Shanghai.

The Davis Polk real estate team included partner Michael J. Rishty, counsel Lawrence R. Plotkin and associate Gregory D. Crane. All members of the Davis Polk team are based in the New York office.    

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