Thor Equities, a global leader in urban real estate development, leasing and management, has signed a contract to acquire the retail space at 18 Conduit Street in London, company executives have announced.
“We continue to believe strongly in the London real estate market, including prime retail and mixed-use properties in the city’s premier shopping, dining and tourist destinations,” said Joseph Sitt, CEO of Thor Equities.
Ideally situated near Regent Street, New Bond Street and Berkeley Square, the 2,000-square-foot space at 18 Conduit Street is currently let to iconic British fashion label Vivienne Westwood. Additional high-end retailers in the area include Louis Vuitton, Burberry, Prada, Cartier, Chanel, Giorgio Armani, Patek Philippe and Tiffany.
The property’s location also benefits from its proximity to the new Bond Street station of Crossrail, Europe’s largest infrastructure project, scheduled to open in December 2018.
“Crossrail is expected to bring an additional 1.5 million people to London’s key business districts and surrounding areas, with strong retail growth forecast on streets surrounding the railway’s main stations,” said Jared Hart, Managing Director of Thor Equities.
Thor owns additional properties in London including 151 Wardour St., 145 Oxford St., 105-109 Oxford St., Bond Street House at 14 Clifford St., as well as the Burlington Arcade. The company also owns properties at 32 Rue des Archives, 54 Rue de Rennes and 51-53 Blvd. Haussmann in Paris; 65 Blvd. de la Croisette in Cannes; 5 Puerta del Sol, 11 Puerta del Sol and 16 Calle Fuencarral in Madrid; and 26 Via della Spiga in Milan.
