Avignon Capital has acquired the T-Mobile data centre in Amsterdam for EUR 11.55 million (US$ 12.71 million) from Somerset Capital Partners.

Currently, let on a long-term lease to T-Mobile, Avignon saw the opportunity to invest in a fully let asset which benefits from annual CPI uplifts. Additionally, the tenant, T-Mobile, is a global brand and one of the largest providers of telecoms in the Netherlands. The 7,450 sq m building is situated in Amsterdam-West, close to the A10 ringway which provides direct access to Schiphol Airport within 15 minutes.

Avignon Capital was advised by Westview Capital Advisers, Haagstate, The SLK, Savills and AC Nielson. The seller Somerset Capital Partners was legally advised by SOLID. Attorneys.