Thor, AEW Partner on Mixed-Use Buy in London

100 New Oxford St. contains a mix of office and retail tenants, and is 100% occupied.

LONDON—Thor Equities and AEW said Monday they had signed a contract to acquire a mixed-use property at 100 New Oxford St. here from Tishman Speyer. The Thor/AEW partnership is paying £180 million (US$237 million) for the property; AEW’s stake is being purchased through a club deal consisting of two German investors.

“100 New Oxford Street is a prime asset located in one of the most desirable districts in London for office and retail properties, and with the opening of the nearby Crossrail Tottenham Court Road station, demand for space in the area will only continue to grow,” says Joseph Sitt, CEO of Thor Equities. He adds that his firm remains “strongly committed to London as a key global market, and we have proven to be able to continue to extract value from assets in the City and other key markets throughout Europe.”