Repositioning & Asset Management
Funds managed by Bruton Capital acquired the 11,000 sqm Hellersdorfer Corso multi-use centre out of administration. Whilst the property had historically suffered from a lack of investment and attention, it benefitted from an excellent location adjacent to the Kienberg metro station and within a well developed residential neighbourhood.
Bruton Capital is working with a number of key tenant relationships and leading agents to lease and reposition the centre from a multi-let secondary centre to a building focused on 4 to 5 prime tenants.
Prime existing tenants include KIK and Penny with new discussions focussed on attracting additional food retail tenants together with an enhanced gym, leisure and restaurant offering.