Thor Equities has made its first Italian investment with the purchase of 26 Via della Spiga in Milan, a retail, residential and office block.
Tenants at the 85,000 sq ft property include Dolce & Gabbana, which has a 17,407 sq ft shop and 33,384 sq ft of offices above.
Thor managing director Jared Hart said: “The retail market and overall economy in Milan has held up very well, with retail rents remaining stable along prime fashion corridors including Via della Spiga, due in large part to the city’s emergence as a global gateway destination attracting European, US, Asian, and Middle Eastern consumers.”
The purchase of 26 Via della Spiga in Milan continues Thor Equities’ recent European expansion.
Its European portfolio also includes 102 Avenue des Champs-Elysees, 51-53 Boulevard Haussmann and 65-67 Avenue de Champs-Elysees in Paris, 9 Puerta del Sol in Madrid, as well as Bond Street House, 105-109 Oxford Street and Burlington Arcade in London, W1.
