Spain, July 15, 2021 –Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the acquisition of a prime logistics property in El Prat, three kilometers from Barcelona’s city center. The acquisition represents Thor’s fervor for the Spanish market, acquiring 16 assets in the country in less than 12 months.
Ideally located in close proximity to Barcelona, the property in El Prat comprises a 7,919 square-meter warehouse and office building totaling 1,519 square-meters and is leased to Servis Complet, a Spanish company that provides exhibition stands services.
“Thor’s recent activity in Europe demonstrates our commitment to building a robust portfolio of high-quality and well-positioned logistics assets. Our team has strong experience in the industrial sector having acquired over a dozen assets in key geographic locations in recent months and we look forward to building on this momentum”, said Chairman of Thor Equities Group, Joe Sitt.
This latest acquisition marks the fourth transaction for Thor in Europe in the past two months. In June, Thor announced the acquisition of a warehouse property in the premier Villeneuve la Garenne submarket of Paris, the first in France, another warehouse fully leased to Acritoma SL, in Moncada Spain, and lastly prime assets in Vigo leased to premier tenants including Amazon, fashion and sporting goods manufacturer UDRA, and multinational telecommunication company, Comfica. In the past year, Thor has acquired additional high-quality assets throughout Spain in Madrid and Barcelona, comprised of existing warehouses, offices, and development sites in Argentona, Pinto, and Torrejon.
ABOUT THOR EQUITIES GROUP:
Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 18 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.