Funds advised by Bruton Capital, the German real estate investment and asset management firm, have acquired an 11,040 sq.m. retail centre in Soest, in North Rhine-Westphalia, Germany. The property is leased to Toom, a top DIY store operator in Germany, which has been performing well in this location for several years. The property is well positioned in an established retail location in Soest, which has strong synergy effects with the surrounding commercial enterprises. The tenant has committed to significant capital upgrades of the building.
The Soest acquisition demonstrates Bruton’s ability to identify properties with upside potential in locations with growth opportunities which will provide its investors with sustainable and long term secured cash flow.
Jairaj Amin, a partner at Bruton Capital, stated that “Toom is a highly-regarded tenant with a strong financial covenant and this building occupies a dominant position within the catchment area of Soest.”
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, each having a different strategy, with a principal focus on retail investment.