Urban real estate specialist Thor Equities has committed to its third investment in the Madrid within a few months with the purchase of a retail asset occupied by department store group El Corte Inglés.
Urban real estate specialist Thor Equities has committed to its third investment in the Madrid within a few months with the purchase of a retail asset occupied by department store group El Corte Inglés.
Thor Equities is believed to have signed a contract to acquire 11 Puerta del Sol in Madrid, a corner property comprised of 1,144 m2 of retail space, for €70 mln.
Thor entered the Madrid market in August with the acquisition of a retail property at 9 Puerta del Sol, featuring 300 m2 of retail space.
The acquisitions of 11 Puerta del Sol and 9 Puerta del Sol in Madrid continue Thor Equities’ recent international expansion. The company’s European holdings include 145 Oxford St, 105-109 Oxford St, Bond Street House and the Burlington Arcade in London; 102 Ave. des Champs-Elysees, 51-53 Blvd Haussmann and 65 Ave de Champs-Elysees in Paris; 65 Blvd de la Croisette in Cannes; and 26 Via della Spiga in Milan.
