Alongside Mexican President Felipe Calderon, Carlos Slim, Thor Equities CEO Joseph Sitt Addresses ADI Conference In Mexico City
NEW YORK, May 8, 2012
As Thor Equities Makes Significant Investments in Mexico and Latin America through Newly Formed Thor Urbana Capital, Sitt Speaks to International Leaders on "Mexico in the Age of Globalization"
NEW YORK, May 8, 2012 /PRNewswire-USNewswire/ --Thor Equities CEO and Thor Urbana Capital Partner Joseph Sitt today addressed the Asociacion De Desarrolladores Inmobillarios convention in Mexico City. Each year, the international gathering convenes the biggest names in Mexican, Latin American and global real estate development, finance and political leadership. Sitt, who recently made significant investments along Mexico City's main shopping thoroughfare, Avenida Presidente Masaryk, was the only American real-estate sector leader to address the conference alongside Mexican President Felipe Calderon and Mexico-based international financial titan Carlos Slim.
"By all key metrics, Mexico is poised to emerge as a key player on the world economic stage," said Thor Equities CEO, Joseph J. Sitt. "Unemployment is low, the workforce is young, land-use laws are highly favorable to developers and Mexico is set to become the world's fifth largest economy by 2050. International business leaders are beginning to look southwards. We firmly believe that Mexico is the new Brazil."
Thor Equities' initial Mexico City acquisitions have already proven to be lucrative investments. The giants of luxury retail, including Ferragamo and Corneliani, have capitalized on the first class location and voguish space Thor's properties offer. In addition, Thor Equities is executing a multimillion-dollar construction project at 102 Lafontaine, which has already attracted the attention of the most recognizable brands in luxury-level retail.
About Thor Equities Thor Equities is a leader in urban real estate development, leasing and management, pursuing premier hotel, commercial, retail and mixed-use assets in high-density areas. Thor is also a premier leasing agent for many of it buildings, a third party property owner and exclusively represents global retailers in their search for prime urban locations. 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 investors. For more information about the company, visit www.thorequities.com.