Opportunistic Acquisition, Leasing and Development
Funds advised by Bruton Capital acquired two retail centres in the Bavarian town of Hof in 2016, with total lettable area of 6,700 sq.m. The properties, which were largely vacant, were purchased out of administration and required refurbishment and the implementation of a strong asset management strategy.
The landlord made an extensive investment in thoroughly refurbishing both buildings, upgrading them to a high standard. Bruton’s experienced asset management team used its key relationships with tenants and agents to secure long leases for the vacant space in both buildings with tenants including Dänisches Bettenlager, Detlev Louis and Fressnapf.
The property is now fully let and this strategy has demonstrated our investors’ desire for value-add opportunities in Germany and Bruton’s ability to deliver strong growth and a stable cash flow to our investors.