Madrid, Spain - June 22, 2021 - Thor Equities Group, a global leader in urban real estate development, leasing and management, is pleased to announce the launch of Teatro Gran Vía 30, a luxury residential project in the center of Madrid. Formerly the iconic Fontalba Theater, the residential property offers 28 exceptional residences with views over Gran Via, Calle Valverde, Calle Desengaño and the city of Madrid.
Featuring two- and three-bedroom homes in a variety of layouts and two penthouses with private, panoramic roof terraces of more than 80m², the residences were designed to maximize space and light and offer unparalleled views of the surrounding area. With apartments ranging in size from 135 m2 and 195 m2, amenities at the development include a spacious landscaped roof terrace and private rooftop gym for residents. Updated with modern finishes, Robledo Arquitectos, took great care in preserving elements from the theater designed by Marques de Fontalba in his vision for a former European Opera House in 1924.
Located in the heart of Madrid Centro, on one of the city’s most beautiful and illustrious streets, Teatro Gran Via 30 offers access to Madrid’s world class cultural destinations, incredible gastronomy and flagship retail destinations. From Puerta del Sol, to the Prado Museum and the Mercado de San Miguel food market, the best of Madrid is steps away.
“Thor Equities is thrilled to launch sales initiatives at this luxury residential development in the heart of one of Europe’s most captivating cities. We are proud to deliver a sustainable project and took careful measure to preserve the building’s treasured past while providing future residents with modern amenities and access to the best Madrid has to offer,” said Chairman of Thor Equities Group, Joe Sitt.
Also in Spain, Thor Equities notably acquired sixteen industrial assets throughout the country in the past twelve months. Located in logistics hubs outside of Madrid, Barcelona, and in Vigo, Thor’s European portfolio of existing warehouses, offices, and development sites has expanded significantly. Earlier this month Thor announced the acquisition of an industrial asset in France, and in January of this year, the firm sold a 2.2 million square foot industrial portfolio in the UK.
Thor selected renowned architectural firm, Robledo Arquitectos, for the project’s design and Colliers and Knight Frank for sales. The units will begin to be delivered in the summer of 2022.
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.