Thor Equities Purchases Top-Flight Retail Development In Heart Of Cannes Luxury Shopping Street

- 25,000-square-foot parcel at 65 Croisette houses luxury designers including Burberry, Pucci, Brioni and Jimmy Choo

- Thor Equities, continues rapid expansion from U.S. to Europe and Latin America

NEW YORK, Oct. 4, 2012 /PRNewswire/ -- Building on its unparalleled record of purchasing, developing and redeveloping properties along the "high streets" of the world, Thor Equities has purchased the 25,000 square foot retail property at 65 Boulevard de la Croisette in Cannes, company executives announced today.

Already featuring the best of the best of global retailers from Burberry to Brioni, 65 Croisette is the location where everybody who is anybody in Cannes does their shopping.

"This is the marquis retail property along Boulevard de la Croisette with unparalleled cache for luxury shoppers, said Joseph Sitt, CEO of Thor Equities. "The location, situated along the ocean and in between iconic hotels, fits perfectly within Thor Equities' belief that high streets across the world never go out of style."

Though Cannes has always been known for its film festival and as a getaway for Europeans, as globalization has taken hold, tourists from as far away as China, Brazil and India have started to flock to the French Riviera. Luxury retail, a specialty of Thor, has followed suit.

About Thor Equities
Thor Equities is a global leader in urban real estate development, leasing and management, pursuing premier hotel, commercial, residential, retail and mixed-use assets in high-density areas. Through its brokerage affiliate, Thor High Street, it is also a premier leasing agent for third-party property owners and exclusively represents global retailers in their search for prime urban locations in North America, Europe and Latin America. Thor Equities provides the best possible "High Street" retail, commercial, hotel and mixed-use building environments within urban centers across the United States – all while delivering attractive, risk-adjusted returns to high net work and institutional investors. For more information about the company, visit www.thorequities.com.