An investment vehicle exclusively advised by Bruton Capital, the German real estate investment and asset management firm, has successfully sold two retail assets in the towns of Celle and Springe in Lower Saxony.
The assets were purchased as part of a portfolio acquisition earlier in the year and were considered to be non-core.
The properties were multi-let to well known covenants including Deichmann, Rossman and KIK. The leases were extended and the properties brought to market in a quick and efficient process immediately following the closing of the portfolio acquisition.
Bruton Capital advised the seller on the disposals.
Ross MacDiarmid, a partner at Bruton Capital, said: “We were able to turn these two non-core assets around in a quick and effective way and we are pleased with the strong returns we have delivered to our investors.”
NOTES FOR EDITORS:
Bruton Capital is a partnership based in Frankfurt and London providing the full spectrum of real estate investment and asset management capabilities to investors in Germany. Bruton Capital advises a number of private investment vehicles across different strategies with a principal focus on retail investment.