Thor Equities Group has acquired 36 avenue 8 mai 1945, Villeneuve la Garenne. The new addition marks Thor’s entry into the French logistics market, and it is the firm’s 17th investment in Europe within the past year. A sales price was not disclosed.
Located 5 kilometers (3 miles) from Paris in Villeneuve-la-Garenne, the 6,121-square-meter (65,885-square-foot) asset is comprised of two units and includes 306 square meters (3,294 square feet) of office space. The majority of the asset is currently let to local authority Mairie de Levallois Perret. The property serves as an ideal last-mile logistics location and provides quick and efficient access to Paris and the A86 beltway.
“The Villeneuve la Garenne transaction represents our first French industrial acquisition and is another step forward in diversifying our logistics platform abroad. We continue to seek well-positioned properties in key distribution hubs globally as the demand for ecommerce continues to gain
