Thor Equities close to selling €120m Cannes luxury retail asset

US investor Thor Equities is close to concluding an agreement for the sale of its luxury retail asset at 65 Boulevard de la Croisette in Cannes, France, for €120 mln. 

A Thor Equities spokesman confirmed that the company has exchanged contracts with Castello Köln Beteiligung, but the deal has not yet officially closed, he said.

The property includes a total of eight individual retail stores currently leased to luxury retailers such as Bottega Veneta, Balenciaga, Brioni, Burberry and Yves Saint Laurent.


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