{"id":1004315426,"date":"2019-04-10T00:39:33","date_gmt":"2019-04-10T08:39:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004315426"},"modified":"2019-04-10T04:51:23","modified_gmt":"2019-04-10T12:51:23","slug":"thor-equities-to-buy-paris-office-building-for-56m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/","title":{"rendered":"Thor Equities to Buy Paris Office Building for $56M"},"content":{"rendered":"
\"\"<\/a>

6 Rue de S\u00e8vres. Image courtesy of Thor Equities Group<\/em><\/p><\/div>\n

Thor Equities Group has signed a contract to acquire 6 Rue de S\u00e8vres in Paris for approximately $56.3 million, or \u20ac50 million. Considered an architectural landmark, the property has a historic facade and totals 12,917 square feet of space.<\/p>\n

The office and retail building is leased to French bank Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and has three basement levels, ground floor and four upper floors. It is located in the popular Saint-Germain district, known for its caf\u00e9s, historic monuments and shopping. \u201cThe property … presents a rare opportunity to occupy space in the center of one of Paris\u2019 most highly coveted neighborhoods,\u201d <\/em>Joseph Sitt, Thor Equities Group chairman, said in a prepared statement.<\/p>\n

European and global assets<\/h2>\n

Thor Equities also owns two retail properties in Paris\u201453 Blvd. Haussmann and 65 Champs-\u00c9lys\u00e9es. Other European assets the firm has acquired in past years include the 26 Via della Spiga in Milan, 5 Puerto del Sol, 11 Puerto del Sol and 30 Gran Via in Madrid, 145 Oxford St., 105-109 Oxford St., Bond Street House at 14 Clifford St. and Burlington Arcade, all in London.<\/p>\n

Thor Equities and joint venture partner AEW acquired 100 New Oxford St.,<\/a> a mixed-use building in London\u2019s West End from Tishman Speyer in August 2017 for $237 million. The 106,404-square-foot building features 18,507 square feet of retail on the ground floor and six floors of Class A office space. At that time, a company spokesperson told Commercial Property Executive <\/em>the firm\u2019s strategy was to acquire retail and mixed-use properties in key urban markets through the U.S., Europe, Canada and Latin America, mostly targeting premier buildings in tourist and business destinations.<\/p>\n

In November, Thor Equities announced WeWork had become the anchor tenant<\/a> of the Class A office building that is part of the firm\u2019s new 2.5 million-square-foot mixed-use development, The Landmark Guadalajara in Guadalajara, Mexico. That project features a 16-story, 300,000-square-foot office tower, 70 high-end retail stores and 150 luxury residences.<\/p>\n

In the U.S., Thor Equities recently completed its first Austin, Texas, acquisition<\/a>, closing on the purchase of a 10-building, 60,000-square-foot office campus with a 10,171 square-foot- retail building for $16 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

The asset, located in the popular Saint-Germain district, is considered an architectural landmark and is occupied by French bank Soci\u00e9t\u00e9 G\u00e9n\u00e9rale.<\/p>\n","protected":false},"author":1068,"featured_media":1004315444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,16,21783,21742,21747],"tags":[34552,32776],"class_list":["post-1004315426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-international","category-investment","category-latest","category-office","tag-joseph-sitt","tag-thor-equities"],"acf":[],"yoast_head":"\nThor Equities to Buy Paris Office Building for $56M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thor Equities to Buy Paris Office Building for $56M\" \/>\n<meta property=\"og:description\" content=\"The asset, located in the popular Saint-Germain district, is considered an architectural landmark and is occupied by French bank Soci\u00e9t\u00e9 G\u00e9n\u00e9rale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-10T08:39:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-10T12:51:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Thor-Equities-Sevres_Exterieur_20.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3961\" \/>\n\t<meta property=\"og:image:height\" content=\"3070\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/\",\"name\":\"Thor Equities to Buy Paris Office Building for $56M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Thor-Equities-Sevres_Exterieur_20.jpg\",\"datePublished\":\"2019-04-10T08:39:33+00:00\",\"dateModified\":\"2019-04-10T12:51:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/thor-equities-to-buy-paris-office-building-for-56m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Thor-Equities-Sevres_Exterieur_20.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Thor-Equities-Sevres_Exterieur_20.jpg\",\"width\":3961,\"height\":3070,\"caption\":\"6 Rue de S\u00e8vres. 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