International real estate specialist Thor Equities Europe has sold 151 Wardour Street in Soho to an unnamed investor for £49 mln (€55 mln), a year after it purchased the asset for £43 mln.
Thor refurbished the façade of the 25,365 ft2 (2,350 m2) property and let the first through fifth floors to coworking company The Office Group (TOG).
Lebanese restaurant Maison du Mezze also signed a lease for 4,800 ft2 of space on the ground level. Additional retail tenants in the building include Hummingbird Bakery and L'ETO Caffe.
'After renovating and significantly improving the tenant mix at 151 Wardour Street, 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.
The location also benefits from its proximity to Oxford Street as well as the new Tottenham Court Road Crossrail station, Europe’s largest infrastructure project opening in 2019.
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.
