7 April 2017
Paris
Reporter: Theo Andrew

Thor Equities snags €15m Paris retail space


Thor Equities has expanded its Paris portfolio, acquiring 54 Rue de Rennes in Paris for €15 million.

The property offers 267 square metres of retail space on the corner of Rue Bernard Palissy in the left bank of Paris.

Currently leased to the Italian fashion company Stefanel, it is positioned among the prime shopping streets in Paris, home to high-end brands including Cartier, Montblanc and Rolex.

Joseph Sitt, CEO of Thor Equities, said: “Surrounded by premier brands such as Emporio Armani, Lancel and Louis Vuitton, this prime retail property is one of the most desirable assets on the Rue de Rennes in Paris.”

Jared Hart, managing director of Thor Equities, added: “We are continuing to focus on prime areas of Paris and other core European cities including London, Madrid and Milan, due to an improving macro-economic environment and increased tourism spending."

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