Thor Equities has completed the acquisition of a high-end retail property located on the Rue des Archives in Paris (4th Arrondissement) for €15m.
Located at the corner of the street of Sainte Croix de la Bretonnerie, the premises is located in the heart of the very trendy and historical district of Le Marais.
Currently leased to Société Générale, the property has 440m² of retail space spread over the ground and lower levels.
“32 Rue des Archives is ideally located on one of the most highly trafficked street corners in Le Marais, which has increasingly become known as a premier shopping destination for both tourists and local residents,” said Joseph Sitt, CEO of Thor Equities.
Recent additions to the immediate area include John Galliano, Sandro and The Kooples, with Moncler, Gucci, Maje, Givenchy, Fendi and Valentino also opening retail stores along the street. Furthermore, a new Eataly store totaling over 2,600m² will further enhance Le Marais as a prime retail and entertainment destination.
The acquisition of 32 Rue des Archives continues Thor Equities’ recent international expansion. The company’s European holdings include 11 Puerta del Sol and 16 Calle Fuencarral in Madrid, 26 Via della Spiga in Milan, 102 Ave. des Champs-Elysees and 51-53 Blvd. Haussmann in Paris, and 65 Blvd. de la Croisette in Cannes.
