German real estate firm Aventos has sold a planned data center development site in Berlin to private equity real estate firm Tristan Capital Partners.

The company this week announced the sale of a property in the immediate vicinity of its Luxwerk business park to Tristan Capital Partners’ EPISO 6 fund. Terms of the deal were not shared.

The 28,400 sqm (305,695 sq ft) site can reportedly support up to three three-story data centers, totaling 63MW, as well as an on-site substation. The development will reportedly support the 90,000 sqm (968,750 sq ft) Luxwerk complex, which is also in development.

“Having reached a crucial milestone in the value chain for the development of the data center in Siemensstadt by securing the power supply contractually, the planned sale was a logical step. It allows us to concentrate our resources on other projects such as the development of the neighboring Luxwek,” said Viktor Schulte, Development Partner at Aventos.

The new data center is being built at Nonnendammallee 61 in the Siemensstadt district of Berlin.

Founded in 2019, Aventos is an investment manager that acquires, develops, and invests in real estate. Its projects and investments include office, retail, and industrial developments across Germany.

The Das Glaswerk site was developed around 1927 for German lighting company OSRAM to manufacture glass light bulbs. Aventos acquired the site in 2021 in a sale-leaseback deal, and is developing the site into the Luxwerk park.

Tristan manages more than €15 billion ($17bn) of assets. Its European Property Investors Special Opportunities 6 (EPISO 6) opportunistic fund secured €2bn ($2.3bn) in 2023. The fund has previously invested in the Point A hotel brand, an office complex in the Netherlands, and a residential portfolio in Germany, and has deployed capital to support a logistics acquisition strategy in Finland.