Bruton Capital, the German real estate investment and asset management firm, is pleased to announce that it has negotiated a long-term lease on behalf of its investors with the German retailer REWE in its existing location in Alsfeld, Germany, which involves extensive renovation and modernization of the commercial property. The budgeted capex plan involves expenditure exceeding €4 million. The construction works will commence in Q2 2023, with the completed site occupying 3170sq.m. The renovation will have operational upside for REWE’s commercial operations in Alsfeld, as well as introducing energy efficient modernization to better serve the tenant and its customers.
The Alsfeld REWE site is extremely well positioned in a conveniently accessible commercial district in Alsfeld, which benefits from its central location. This lease extension provides Bruton’s investors with long term stable cash flow and significantly enhances the value of the Alsfeld property.
Jairaj Amin, a partner at Bruton Capital, stated: “We are looking forward to renovating this property to the highest green energy standards, which will significantly improve the energy efficiency of the building for the benefit of REWE and the environment.”
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.