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Thor Equities Group Announces Latest Portfolio Acquisition in Moncada


Spain, June 4 –Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the acquisition of an industrial property in Moncada, Spain. The new addition represents Thor’s commitment to building a first-class logistics platform, acquiring 14 assets in the country in less than 12 months.

The Moncada asset is a 2,966-square-meter warehouse fully leased to Acritoma SL, a company specializing in replacement parts and accessories for the automotive industry. In the past year, Thor has acquired high-quality assets throughout Spain in Madrid and Barcelona, comprised of existing warehouses, offices, and development sites in Argentona, Pinto, and Torrejon. Earlier this week, Thor announced the acquisition of their first industrial property in France, a 6,121sqm asset located in the premier Villeneuve la Garenne submarket.

“This latest acquisition marks a strategic investment opportunity within one of Spain’s sought-after industrial markets. We are pleased to have acquired over a dozen properties in Southern Europe, with more in our pipeline, and look forward to expanding our European presence,” said Chairman of Thor Equities, Joe Sitt.


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

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