Thor Equities Europe has closed on the sale of 151 Wardour Street in Soho for €55.1m (£49m). After acquiring the 25,365-square-foot, six-story property for €48.3m (£43m) in 2017, Thor refurbished the facade and let the first through fifth floors to coworking company The Office Group (TOG). Lebanese restaurant Maison du Mezze also signed a lease for 4,800ft² of space on the ground level. Additional retail tenants in the building include Hummingbird Bakery and L'ETO Caffe.
"After renovating and significantly improving the tenant mix at 151 Wardour Street, we felt the time was right to sell this desirable asset located in a prime area of Soho," said Joseph Sitt, CEO of Thor Equities.
A number of high-end restaurants have opened nearby 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 Crossrail station, Europe’s largest infrastructure project opening in 2019.
