Thor Equities Sells London Office Asset for $64M
- Sep 18, 2018
Thor Equities Europe has closed the sale of 151 Wardour St. in London for $64.4 million, or £49 million.
The six-story property comprises 25,365 square feet. Thor bought the asset for $56.5 million (£43 million) in 2017 and refurbished the facade. The company then leased the first through fifth floors to coworking company The Office Group, while Lebanese restaurant Maison du Mezze signed a 4,800-square-foot ground floor lease. Additional tenants include Hummingbird Bakery and L’ETO Caffe.
“After renovating and significantly improving the tenant mix at 151 Wardour St., we felt the time was right to sell this desirable asset located in a prime area of Soho,” said Joseph Sitt, CEO of Thor Equities, in a prepared statement.
Additional European deals
Thor owns properties throughout Europe, including 145 Oxford St., 105-109 Oxford St., 100 New Oxford St. and Bond Street House in London, 51-53 Blvd. Haussmann in Paris, 5 Puerta del Sol, 11 Puerta del Sol and 30 Gran Via in Madrid, and 26 Via della Spiga in Milan.
In May, a joint venture between Thor Equities and Meyer Bergman sold London’s Burlington Arcade for $406.5 million (£300 million), to a private investor.
Image courtesy of Thor Equities