Thor Equities Europe, a leader in urban real estate development, leasing and management, has closed on the sale of 151 Wardour Street in Soho for £49 million, company executives have announced.
After acquiring the 25,365-square-foot, six-story property for £43 million in 2017, Thor refurbished the façade and let the first through fifth floors to coworking company The Office Group (TOG).
Lebanese restaurant Maison du Mezze also signed a lease for 4,800 square feet of space on the ground level. Additional retail tenants in the building include Hummingbird Bakery and L’ETO Caffe.
“After renovating and significantly improving the tenant mix at 151 Wardour Street, we felt the time was right to sell this desirable asset located in a prime area of Soho,” said Joseph Sitt, CEO of Thor Equities.
A number of high-end restaurants have opened nearby including Social Eating House, HIX Soho and The Ivy Soho Brasserie, along with leading retailers such as Agent Provocateur, APC and Supreme. The location also benefits from its proximity to Oxford Street as well as the new Tottenham Court Road Crossrail station, Europe’s largest infrastructure project opening in 2019.
Thor owns properties throughout Europe including 145 Oxford St., 105-109 Oxford St., 100 New Oxford St. and Bond Street House in London; 51-53 Blvd. Haussmann in Paris; 5 Puerta del Sol, 11 Puerta del Sol and 30 Gran Via in Madrid; and 26 Via della Spiga in Milan.