Thor Equities Group has acquired a property located at 36 avenue 8 mai 1945, Villeneuve la Garenne. The new addition marks Thor’s entry into the French logistics market and seventeenth investment in Europe within the past year. Located 5km from Paris in Villeneuve-la-Garenne, the 6,121m² asset is comprised of two units and includes 306m² of office space. Majority of the asset is currently let to the local authority, Mairie de Levallois Perret. The property serves as an ideal last-mile logistics location and provides quick and efficient access to Paris and the A86 beltway. The purchase price was not disclosed.
“The Villeneuve la Garenne transaction represents our first French industrial acquisition and is another step forward in diversifying our logistics platform abroad. We continue to seek well-positioned properties in key distribution hubs globally as the demand for e-commerce continues to gain momentum and look forward to broadening our exposure in Europe,” said Chairman of Thor Equities Group, Joe Sitt.