Advised by Levy Real Estate, Thor Equities and Chenavari Investment Managers have completed the acquisition of 1 Dover Street in London’s Mayfair for £47.2m.

The 19th century, six-storey former hotel comprises 23,310 sq ft including a retail ground floor, upper floor office space, a top floor penthouse apartment, and a lower level which is home to the popular nightclub, Mahiki.

Thor Equities Chief Executive, Joe Sitt, commented: “1 Dover Street is a rare West End freehold retail and office property, with incredible corner frontage in one of London’s prime luxury growth markets”.

The purchase of 1 Dover Street continues Thor’s ongoing London expansion. Levy also advised on its recent acquisitions at 145 and 105-109 Oxford Street.