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."

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Standard Chartered boosts CRE team
11 December 2017 | Singapore | Reporter: Stephanie Palmer
Standard Chartered has named Steven Cranwell as global head of commercial real estate for its global banking business
SoftBank and Compass in ‘largest ever’ US real estate tech investment
08 December 2017 | New York | Reporter: Stephanie Palmer
Real estate technology firm Compass has won $450 million in investment from the SoftBank Vision Fund, in what Compass has called the largest ever real estate technology investment deal in US history
Tristan fund makes first foray into Germany
07 December 2017 | Bonn | Reporter: Stephanie Palmer
The CCP 5 long-life fund, a core-plus fund advised by Tristan Capital Partners, has made its first investment in Germany, acquiring an office complex in Bonn for €35 million
JLL develops UK corporate solutions team
07 December 2017 | London | Reporter: Stephanie Palmer
JLL has named Sue Asprey Price as lead director of its corporate solutions business in the UK, with immediate effect
Link Asset Services appointed as real estate fund administrator
06 December 2017 | London | Reporter: Stephanie Palmer
Warehouse REIT, a specialist warehouse investor managed by Tilstone Partners, has selected Link Asset Services for fund administration
Dutch portfolio sold for €200 million
05 December 2017 | Amsterdam | Reporter: Stephanie Palmer
Patrizia Immobilien AG has sold a portfolio of 61 residential properties in the Netherlands, for around €200 million
Allianz tops off bumper 2017 with Broadway acquisition
04 December 2017 | New York | Reporter: Stephanie Palmer
Allianz Real Estate has acquired a 43 percent stake in 1515 Broadway, New York, a class-A building valued at $1.95 billion