Thor Equities in partnership with London-based Chenavari Investment Managers has closed on the acquisition of 1 Dover Street in London for £47.2 mln (€60 mln).
The deal represents the latest investment by Thor in London with recent acquisition including 145 Oxford St. and 105-109 Oxford St.; the prestigious Bond Street House at 14 Clifford St.; and the Burlington Arcade, an architectural masterpiece in the heart of Mayfair.
'1 Dover Street is a rare West End freehold retail and office property, with incredible corner frontage in one of London’s prime luxury growth markets,' said Joe Sitt, CEO of Thor Equities.
Located across from The Ritz in Mayfair, 1 Dover Street is a 19th-century, six-story former prestigious hotel comprised of 23,310 sq ft (2,165 m2) including a retail ground floor, upper floor office space, top floor penthouse residential apartment, and a lower level home to popular nightclub Mahiki.
