Avignon Capital has acquired the Umspannwerk Prenzlauer Berg (āAmpereā) building located in Berlinās Prenzlauer Berg district. The property, which was built in 1929, is a former electricity transformer station. The building was converted to offices in 2010 and is currently split into five main areas, totalling 11,842 sqm of lettable office and event space, and is occupied by nine tenants, primarily in the technology start-ups industry. The Ampere building is second Umspannwerk object after the Umspannwerk Kreuzberg, which Avignon acquired in Q1 2015. Savills Immobilien and Berwin Leighton Paisner (Germany) Llp acted as the advisors of the acquisition.
