Empira Group acquires portfolio for transition-to-green strategy in Berlin for comprehensive energy-efficient modernisation

Empira Group has completed the acquisition of six multifamily buildings as well as residential and commercial properties in the Neukölln, Kreuzberg and Wedding districts of Berlin.

This significant purchase was executed by a subsidiary of the Transition-to-Green Fund managed by Empira Group and encompasses around 400 residential and commercial units with a total leasable area of approximately 32,000 square meters (344,000 square feet).

The acquired properties are situated in highly sought-after locations in Berlin yet do not currently comply with modern energy-efficiency standards. In accordance with the strategy of the Transition-to-Green Fund, Empira Group plans to comprehensively modernize these buildings and modify them to meet current energy-efficiency requirements. The objective is to lower the energy consumption through specific energy-efficiency refurbishment and to significantly improve the carbon footprint of the properties. The implementation of these measu