• Transaction / Assets
    Gran Vía 30
  • Seller
  • Buyer
    Thor Equities
  • € MM
    75

Thor Equities Buys Gran Vía, 30 in Madrid for €75M

18 April 2018 – Mis Oficinas

The US firm Thor has purchased the building located at number 30 Gran Vía, in the heart of Madrid, for €75 million. The property, which was constructed between 1919 and 1924 to house the Teatro Fontalba, was converted into offices, over time, for Telefónica.

The US firm already owns four other properties in Madrid. It purchased the first one in August 2015, specifically, number 9 Puerta del Sol. That same year, in December, it successfully acquired number 11 on the same square. In February 2017, it also purchased number 5 for around €50 million. Its most recent purchase was number 16 Calle Fuencarral.

The strategy of the US firm is to look for properties in the best areas of Madrid and to convert them into flagship stores for major brands.

Original story: Mis Oficinas

Translation: Carmel Drake

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