Thor Equities has closed on its acquisition of 105-109 Oxford Street in London, company executives announced today.
The seven-level building includes 51 feet of frontage and more than 11,000 ft² of prime retail space on the ground floor, currently occupied by Footlocker and Tiger Retail. There is 14,700 ft² of high-end residential space on the upper levels.
Also known as the Beaver Building, 105-109 Oxford Street is located on one of the busiest streets in London, and adjacent to the future Crossrail Tottenham Court Road station.
“105-109 Oxford Street will benefit from the addition of 90,000 ft² of luxury residential development above the Crossrail station, along with further residential, commercial and retail development in the area,” said Joseph Sitt, CEO of Thor Equities. “Already, Zara has leased a nearby location on Oxford Street for a new 35,000 ft² flagship store.”
Thor Equities’ purchase of 105-109 Oxford Street continues its recent international expansion. The company’s European holdings include 102 Avenue des Champs-Elysees, 51-53 Boulevard Haussmann and 65-67 Avenue de Champs-Elysees in Paris, as well as the Burlington Arcade, a historical and architectural masterpiece in the heart of London’s Mayfair.
Source: Thor Equities