NEW YORK, February 9, 2012 /PRNewswire/ --
- On heals of major investments in London, Mexico City and other international destinations, New York-based developers to start investing in 'City of Light'
Thor Equities has opened its first French office, selecting the Louis Vuitton building along the Champs Elysees in Paris' 8th Arrondisement for its flagship, company executives announced today.
"A core belief of Thor Equities is that the High Streets of the world will always be strong and successful - and no street says 'High Street' like the Champs Elysees," said Joseph Sitt, CEO of Thor Equities. "We will utilize this hub to continue expanding into Europe and beyond, investing and redeveloping parcels on High Streets throughout the globe. Furthermore, a base in Paris for Thor Equities will be a great boost to European brands, serving as a strong link to those who want to establish themselves in the American marketplace."
Thor's opening of their Paris office comes amid a series of exciting developments along the main thoroughfares in numerous cities.
At 693 Fifth Avenue in New York City, Thor Equities is readying the former Takashimaya Building for occupation by a retail leader, doubling the selling floor in the ultimate location on Fifth Avenue's Gold Coast.
On Avenida Presidente Masaryk in Mexico City, Thor Equities has developed three marquee properties from the ground up and leased each architecturally significant space to some of the most desirable names in luxury goods, including Gucci, Salvatore Ferragamo and Corneliani.
And at Burlington Arcade on London's Bond Street, Thor Equities is restoring an icon of luxury retailing to its 19th century glory with renowned architect Peter Marino, and has drawn iconic brands including Chanel and Prada to the Arcade in the process.
About Thor Equities
Thor Equities is a leader in urban real estate development, leasing and management, pursuing premier hotel, commercial, retail and mixed-use assets in high-density areas. Thor is also a premier leasing agent for many of its buildings, a third party property owner and exclusively represents global retailers in their search for prime urban locations. Thor Equities provides the best possible "High Street" retail, commercial, hotel and mixed-use building environments within urban centers across the United States - all while delivering attractive, risk-adjusted returns to investors. For more information about the company, visit http://www.thorequities.com.
SOURCE Thor Equities