Thor Equities, in partnership with Chenavari Investment Managers, has closed on the acquisition of 145 Oxford Street in London for £40 mln (€55 mln).
Thor Equities, in partnership with Chenavari Investment Managers, has closed on the acquisition of 145 Oxford Street in London for £40 mln (€55 mln).
The 743 m2, five-level mixed-use corner building is located on Europe’s busiest shopping corridor and surrounded by high-end and fashion forward retailers including Calzedonia, Zara, Swarovski, Urban Outfitters and Primark. In addition, Facebook has pre-leased 21,000 m2 of office space in a nearby building.
The property is also within five minutes of the new Tottenham Court Road Crossrail station. Opening in 2018, the €20 bn Crossrail train line is Europe’s largest infrastructure project.
'145 Oxford Street is ideally located in the heart of one of the most trafficked retail corridors in the world, with strong growth forecast as a result of the area’s major transportation improvements and overall market rejuvenation,' said Melissa Gliatta, executive vice president of Thor Equities.
Thor is based in New York. It’s purchase of 145 Oxford St. continues its recent London expansion. Its holdings in the city also include 105-109 Oxford St., Bond Street House at 14 Clifford St. and the Burlington Arcade. The company’s European holdings also include 102 Ave. des Champs-Elysees, 51-53 Blvd. Haussmann and 65 Ave. de Champs-Elysees in Paris; 65 Blvd. de la Croisette in Cannes; 9 Puerta del Sol in Madrid; and 26 Via della Spiga in Milan.
London-based Chenavari Investment Managers is a specialist alternative asset manager focusing on European & Asian markets.
