Bryan Cave Leighton Paisner Advises Avignon Capital on Sale of Former Power Transformer Stations

February 25, 2020

The global law firm Bryan Cave Leighton Paisner Related Attorney(s) advised Avignon Capital on the sale of two monument-protected landmark buildings in the districts of Prenzlauer Berg and to RFR Holding. Both facilities were originally built in Dr. Albrecht von the 1920s after designs by the architect Hans Breitenbuch Heinrich Müller as power transformer stations and Partner, Notary (Amtssitz have been upgraded by Avignon Capital into office Berlin) buildings while preserving their historic character. Berlin [email protected]

After the conversion, the modernized transformer station facility in Prenzlauer Berg is currently leased on a long-term basis to a single tenant, the travel experience tech company GetYourGuide. Tech firm Google is the anchor tenant of the other fully modernized transformer station structure Tina Siebenhaar near Paul-Lincke-Ufer in Berlin Kreuzberg. The Partner, Notary (Amtssitz combined purchase price for both properties Frankfurt am Main) Frankfurt exceeded 150 million euros.

Page 1 of 4 [email protected] Avignon Capital purchased the former power utility buildings from private investors in 2015 and 2016. The complexes were comprehensively renovated under the stewardship of Avignon Capital and provide a total of approximately 23,000 square meters of usable space. The properties are located in central locations of Berlin in areas popular with Adriana Zur Nedden tech startups and creative companies. Counsel Berlin Avignon Capital, based in London, provides [email protected] investment and asset management services. In addition to the U.K. and , core markets in which Avignon is active cover the Netherlands and Spain. Avignon Capital’s customers include private investors, family offices and the publicly listed Cubic Property Fund. Caspar Samuel von Eicke und Polwitz Under the leadership of Dr Albrecht von Counsel Breitenbuch in Berlin and Tina Siebenhaar in Frankfurt Frankfurt am Main, Bryan Cave Leighton Paisner [email protected] (BCLP) has regularly advised Avignon Capital on acquisition and sale transactions, financing and ongoing asset management. In 2016, the BCLP team advised Avignon Capital on the purchase of the substation building in Prenzlauer Berg and later on the lease revision and transformation of Friederike Schulz this same property from a multitenant structure Associate into the current single-tenant structure for Berlin [email protected] GetYourGuide, as well as the refinancing and ongoing development.

Page 2 of 4 Advisers to Avignon Capital

Bryan Cave Leighton Paisner LLP (Berlin) Dr Albrecht von Breitenbuch, Partner (transaction management, real estate and corporate finance) Michaela Penkalla Tina Siebenhaar, Partner (Real Estate) Stephan Krampe, Partner (Tax) Senior Associate Frankfurt Adriana zur Nedden, Counsel (Finance) [email protected] Caspar Samuel von Eicke und Polwitz, Senior Associate (Real Estate) Friederike Stiller, Associate (Finance) Michaela Penkalla, Associate (Real Estate) Lorenz Ludewig, Associate (Real Estate)

Press contact:

Ulrike Merch | Bryan Cave Leighton Paisner LLP, Berlin dd: +49 (0)30 684 096 131 email: [email protected]

About Bryan Cave Leighton Paisner

With over 1,400 lawyers in 30 offices across North America, Europe, the Middle East and Asia, Bryan Cave Leighton Paisner LLP is a fully integrated global law firm that provides clients with connected legal advice, wherever and whenever they need it. The firm is known for its relationship-driven, collaborative culture, diverse legal experience and industry-shaping innovation and offers clients one of the most active M&A, real estate, financial services, litigation and corporate risk practices in the world.

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