France, June 1, 2021 – Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the acquisition of 36 avenue 8 mai 1945, Villeneuve la Garenne. The new addition marks Thor’s entry into the French logistics market and seventeenth investment in Europe within the past year.
Located 5km from Paris in Villeneuve-la-Garenne, the 6,121sqm asset is comprised of two units and includes 306sqm of office space. Majority of the asset is currently let to local authority, Mairie de Levallois Perret. The property serves as an ideal last-mile logistics location and provides quick and efficient access to Paris and the A86 beltway.
“The Villeneuve la Garenne transaction represents our first French industrial acquisition and is another step forward in diversifying our logistics platform abroad. We continue to seek well positioned properties in key distribution hubs globally as the demand for e-commerce continues to gain momentum and look forward to broadening our exposure in Europe” said Chairman of Thor Equities Group, Joe Sitt.
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.