Thor Equities, a global urban real estate development, leasing and management, has closed on the acquisition of 147-155 Wardour Street in Soho for €50.6m (£43m) , company executives announced today.
Thor plans to refurbish the 25,365-square-foot, six-story mixed use property, including redecorate the existing façade on Wardour Street.
"147-155 Wardour Street is ideally situated in a prime area of the burgeoning Soho neighborhood, surrounded by popular restaurants, cafés and galleries as well as a number of trendy retail stores," said Joseph Sitt, CEO of Thor Equities.
Retail tenants in the building are Hummingbird Bakery, L'ETO Caffe, and contemporary art gallery Unit London. Office tenants include First Point Group, the corporate office of Hakkasan, and games developer Mediatonic.
A number of high-end restaurants have opened in the area including Social Eating House, HIX Soho and The Ivy Soho Brasserie, along with leading retailers such as Agent Provocateur, APC and Supreme.
The location also benefits from its proximity to Oxford Street as well as the new Tottenham Court Road station of Crossrail, Europe’s largest infrastructure project opening in 2018.
Thor owns a number of properties in London including 1 Dover St., 145 Oxford St., 105-109 Oxford St., and Bond Street House at 14 Clifford St. as well as Burlington Arcade, a historical and architectural masterpiece.
The company's European holdings also include 102 Ave. des Champs-Elysees, 51-53 Blvd. Haussmann and 32 Rue des Archives in Paris, 65 Blvd. de la Croisette in Cannes, 11 Puerta del Sol and 16 Calle Fuencarral in Madrid, and 26 Via della Spiga in Milan.