Thor Equities Launches Global Logistics Platform
The new division, ThorLogis, led the firm to acquire its first European industrial property in the Netherlands.
NEW YORK – Thor Equities has launched a new division specializing in the logistics sector called ThorLogis.
The new platform will focus exclusively on the logistics asset class, with Thor Equities planning to expand further into the life sciences sector while increasing its European presence.
In correlation with the launch, Thor Equities recently acquired its first European industrial property, The Netherlands: Meer & Duin 1, located in the Dutch flower region of Lisse. The 400,000-square-foot warehouse is currently occupied by global flower distributor, Bakker.com. The property is situated less than 20 miles south of from Amsterdam’s city center and 15 minutes from Schiphol Airport.
Thor Equities has also appointed David Hunt-Cuadrado as managing director of Europe and head of logistics acquisitions. Previously, Hunt-Cuadrado served as European director for Logicor, The Blackstone Group’s European logistics platform. At Thor Equities, Hunt-Cuadrado will spearhead the new division and oversee the company’s global logistics, acquisitions and developments from the firm’s London office, alongside the firm’s VP of acquisitions, Sam Brassington.
Thor Equities is a global real estate development, leasing and management firm, specializing in commercial, office, retail, hotel, residential and mixed-use assets in urban markets.