Thor Equities Expands European Portfolio With Prime London Purchase
New York-based Thor Equities expanded its European portfolio with a recent acquisition in Mayfair. The company, along with partner Chenavari Investment Managers, splashed down £42.7M on a 23k SF corner property at 1 Dover St, across the street from The Ritz and near Claridge’s and The Dorchester.
The six-story building is a former hotel with retail on the ground floor, office space, and a top-floor penthouse apartment in addition to a basement night club. Thor Equities will refurbish and reposition the property, according to Commercial Property Executive.