Funds advised by Bruton Capital, the German real estate investment and asset management firm, have sold a retail property of 8,487 sq.m. located in Unterwellenborn and leased long term to German DIY retailer Obi. The property had been purchased out of administration as part of a larger retail portfolio but Bruton saw its potential as it was conveniently located close to the main motorway and adjacent to a Kaufland. Bruton subdivided the property and separately sold the Obi property to Deutsche Konsum, yielding an excellent return for its investors.
Ross MacDiarmid, a Partner at Bruton Capital, said: “The Obi sale completes our exit from the Unterwellenborn investment and realizes the full potential of this asset.”
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.