Hamburg, 19 August 2022. New plans for the Überseehaus in Hamburg: The co-investors QUEST Investment Partners and Allianz are taking extensive measures to guarantee a future-oriented project development with an extension at Baumwall 5-7. A new glass building in the courtyard combined with a stately entrance, a new head building, an expressive roof structure with a terrace and a view of the Elbphilharmonie and HafenCity, as well as new balcony areas on each floor, will lead the 1980s building into a new utilisation cycle. The new building creates 4,200 additional square metres of rental space, resulting in a total area of around 15,800 m². The goal is to achieve a DGNB Gold certification for the nine-storey building. It will be completely refurbished to be energy and climate friendly. The construction of the extension is scheduled to start in the second quarter of 2023, with completion planned for the second quarter of 2025.

Lars Fröhling, Head of Asset Management for Northern and Central Europe at Allianz Real Estate:
“The development of Überseehaus underlines our conviction that well-located, future- and user-oriented offices with strong ESG credentials will deliver long-term value to our investors.”

On the one hand, the careful renovation of the existing building is CO2-efficient. On the other hand, attention is paid to a CO2 analysis during construction, as well as to future-oriented needs such as e-charging stations and the use of low-emission materials. New recreational areas in the courtyard, on terraces and balconies as well as landscaped areas also reflect the social aspects of the ESG-compliant property. The developers are currently exploring the possibility of using their own photovoltaic system. 

Jan Rouven Künzel, Managing Partner of QUEST Investment Partners:
“Large-scale representative spaces in Hamburg’s city centre are rare. With around 15,800 m², the centrally located property is ideally suited for single tenants, but multi-tenant use is also conceivable. The Überseehaus will feature flexible, upscale offices with a high quality of stay.”

The glass façade of the new courtyard building opens the building to the outside, and the additional daylight will provide pleasant lighting conditions in the offices. A green anodised metal structure on the roof creates a uniform body that also provides sun shading.

With the Baumwall underground station directly on the doorstep, the property is well connected to local public transport. Nearby, in the Portuguese Quarter, there are numerous cafés and restaurants.

QUEST Investment Partners
is an owner-operated real estate investment company. Its offices are located in Hamburg, Berlin, Munich and Frankfurt. With a portfolio of around €3.4 billion in assets under management, the company which is a signatory to the UN Principles of Responsible Investment focuses on investments in commercial properties with upside potential in selected locations of major German cities. QUEST Development develops and finances high-quality real estate projects both independently and in cooperation with co-investors. The sister company QUEST Funds is responsible for the fund business and makes individual investments together with institutional investors. The QUEST Property Management team handles around 550,000 m² of usable space in its own and third-party projects. For further information please visit www.quest-investment.com

About Allianz Real Estate
Allianz Real Estate is a PIMCO Company, comprising Allianz Real Estate GmbH and Allianz Real Estate of America and their subsidiaries and affiliates. It is one of the world’s largest real estate investment managers, developing and executing tailored portfolio and investment strategies globally on behalf of a range of global liability driven investors, creating long-term value for clients through direct as well as indirect investments and real estate financing. The operational management of investments and assets is performed out of 17 offices in key gateway cities across 4 regions (West Europe, North & Central Europe, USA and Asia Pacific). For more information, please visit: www.allianz-realestate.com.

Extension with glass façade in the courtyard

Distinctive metal structure as a connecting element of the existing attics
Copyright: beyond visual arts GmbH

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Hamburg, 9 May 2022 – The project development and investment company QUEST Investment Partners has sold the historical office and retail property Emmler Lofts in Berlin-Kreuzberg to Patrizia. The parties agreed not to disclose the purchase price. QUEST had taken over the property at Kottbusser Damm 25-26 in May 2019. It has since been fully refurbished and has received the BREEAM certification “very good”. Comprising a total area of ca. 6,000 m2, the property has been re-let to Aurora Energy Research and the tech start-up company kollex, amongst others. Historical anchor tenant Woolworth remained in the building, continuing the operations on the ground floor of the asset which began in 1928.

“The property enjoys a very good micro-location in the up-and-coming “Kreuzkölln” district and is a prime example of how the successful refurbishment of an existing building can sustainably transform it in the long term while preserving its monumental character. This has resulted in spacious, loft-like offices with historic details such as decorative columns, stucco ornaments and ornate steel doors”, says Luis Walther-Kraft, Chief Investment Officer at QUEST Investment Partners. The restored historical details also include the decorative statues on the façade, the wooden double casement windows and original Art Nouveau ornaments. The building was constructed as a furniture factory in 1906.

It is located in the immediate vicinity of Volkspark Hasenheide and offers excellent public transport connections. A variety of modern, urban restaurants can be found close by.

Colliers International Germany acted as broker in the transaction. QUEST Investment Partners was advised on legal matters by Capstone Legal and on tax matters by Hansa Partner Rommel & Meyer. Gleiss Lutz provided legal and tax advice to the buyer.

About QUEST Investment Partners
QUEST Investment Partners is an owner-operated real estate investment company. Its offices are located in Hamburg, Berlin, Munich and Frankfurt. With a portfolio of around €3.4 billion in assets under management, the company which is a signatory to the UN Principles of Responsible Investment focuses on investments in commercial properties with upside potential in selected locations of major German cities. QUEST Development develops and finances high-quality

Fully refurbished Emmler Lofts, constructed as a furniture factory in 1906
Copyright: Image Agency

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Hamburg, 13 December 2021 – The investment and project development company QUEST Investment Partners has acquired the distinctive office building at Mainzer Landstraße 41-45. The seller of the property is a French institutional investor. The company sold the nine-storey building with over 7,000 m2 of office space and 29 underground parking spaces as an asset deal via its local management partner IC Asset Management. Constructed in 1998 and modernised in 2009, this building comes with a particularly attractive feature: every floor includes a balcony or a terrace with spectacular views of Frankfurt’s skyline. Thanks to the flexible layouts, the spaces can be used both as traditional cubicle and open plan offices.

Luis Walther-Kraft, Head of Transactions & Partnering at QUEST Investment Partners, explains: “We plan to further upgrade the good building structure through an active management approach in the coming years. The current vacancy rate of approximately 50 percent of the rental space allows for an immediate repositioning of the property. First talks with prospective tenants are already underway.”

Thanks to its central location, the property is well-connected to all transport routes: the central station and the S- Bahn stop Taunusanlage are only a few minutes’ walk away; the international airport and the A5 and A66 motorways can be reached easily.

Colliers and blackolive, member of the German Property Partners (GPP) network, acted as exclusive agents in a structured bidding process. QUEST Investment Partners was advised by SNP Schlawien on legal matters, HANSA Partner Rommel & Meyer on tax matters and Bohnzirlewagen on technical matters. The seller side received legal and tax advice on the transaction from Hogan Lovells as well as technical advice from CBRE.

About QUEST Investment Partners
QUEST Investment Partners is an owner-operated real estate investment company founded in 2016. Its offices are located in Hamburg, Berlin, Munich and Frankfurt. With a portfolio of around €3.8 billion in assets under management, the company focuses on investments in commercial properties with upside potential in selected locations of major German cities. QUEST Development develops and finances high-quality real estate projects both independently and in cooperation with co-investors. The sister company QUEST Funds is responsible for the fund business and makes individual investments together with institutional investors. QUEST is also engaged in property management through its majority share in Albrecht Gebrüder & Co. For further information please visit www.quest-investment.com

Copyright: blackolive advisers GmbH

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Hamburg, 11 November 2021 – The investment and project development company QUEST Investment Partners has acquired the commercial and residential building Friedrich-Ebert-Anlage 54 in Frankfurt am Main from MEAG as part of an asset deal. MEAG is the asset manager of Munich Re and ERGO. Built in 2002, the property enjoys an excellent location between the Central Business District and the sought-after Westend area and comprises some 3,800 m2 of lettable office space. The building includes 29 underground parking spaces. When the current main tenant moves out in July 2022, QUEST intends to give this building with its striking architecture a visual upgrade and to reposition the office spaces. The layout allows for flexible use, with 570 m2 per floor. Be it as a multi-tenant or single- tenant property: the spaces are suitable for individual, double or open-plan offices.

“The property blends into the course of the road like a triangle and offers not only a fascinating architecture and a superb location but also an exquisite view of Frankfurt’s skyline, the park opposite and the trade fair grounds. It is a perfect match for our Frankfurt portfolio with extraordinary properties such as the former “office pyramid” building of Deutsche Bahn, Hotel Hohenzollern at the central station and the new Kreisler building”, explains Luis Walther- Kraft, Head of Transactions & Partnering at QUEST Investment Partners.

“As an asset manager for insurance companies, we focus our capital investments on properties of excellent quality in prime locations. This allows us to make good use of our options at any time. We congratulate QUEST Investment Partners on a unique property with great potential. We would like to thank them for the excellent cooperation and wish the new owners lots of success for the future”, comments Katrin Hupfauer, Head of Real Estate Transactions at MEAG.

Due to its central location, the property is optimally connected to all transport routes: the U-Bahn stop “Messe” is only a one-minute walk away, the international airport can be reached in ten minutes and the central station in three minutes by car.

BNP Paribas Real Estate conducted a structured bidding process, acting as broker on behalf of MEAG. QUEST Investment Partners was advised by SNP Schlawien on legal matters, by HANSA Partner Rommel & Meyer on tax matters and by Bohnzirlewagen on technical matters.

About QUEST Investment Partners
QUEST Investment Partners is an owner-operated real estate investment company founded in 2016. Its offices are located in Hamburg, Berlin, Munich and Frankfurt. With a portfolio of around €3.8 billion in assets under management, the company focuses on investments in commercial properties with upside potential in selected locations of major German cities. QUEST Development develops and finances high-quality real estate projects both independently and in cooperation with co-investors. The sister company QUEST Funds is responsible for the fund business and makes individual investments together with institutional investors. QUEST is also engaged in property management through its majority share in Albrecht Gebrüder & Co. For further information please visit www.quest-investment.com

About MEAG
MEAG is the asset manager of Munich Re and ERGO. With offices in Europe, Asia and North America it also offers its extensive know-how to institutional investors and private clients from outside Munich Re Group. MEAG currently manages assets to the value of around €330 billion, €65 billion of which for institutional investors and private clients from outside the company group.

Copyright: Manuel Debus

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Hamburg, 21 June 2021. On 30 June 2021, the project development and investment company QUEST Investment Partners will acquire a majority stake in the property management company Albrecht Gebrüder & Co., which was founded in 1987 and is based in Hamburg and Berlin. This move will mark the further expansion of the real estate company and its entry into its third business area, alongside the project development and fund business.

Albrecht Gebrüder & Co. employs around 30 people in an interdisciplinary team of real estate specialists, civil engineers, business economists, accountants, rental experts, lawyers and property caretakers. The company currently manages some 120 properties with over 4,500 commercial and residential units and more than 500,000 m2 of usable space. Its clients are domestic and foreign investors such as pension funds, family offices, foundations and medium-sized property owners. With its focus on central locations in Hamburg and Berlin, the company is an ideal match for QUEST Investment Partners. The two companies have maintained a trusting business relationship for many years.

QUEST integrates own portfolio and plans new locations for the property management company
“This strategic partnership will bring us closer to our properties in the future and enable us to ensure optimal property management”, explains Theja Geyer, Managing Partner at QUEST Investment Partners. Geyer sees the investment as a logical step following the dynamic growth in recent years. QUEST plans to establish new branches of the property management company in Munich and Frankfurt and to gradually integrate its own portfolio into that of Albrecht Gebrüder & Co. Dr Philip Boll and Dr Christoph Lück will stay on board as Managing Partners of Albrecht Gebrüder & Co.

Dr Christoph Lück, Managing Partner at Albrecht Gebrüder & Co., states: “We are delighted to have this strong partner, whose high-quality properties and steady pipeline of new projects offer us attractive growth prospects.”

QUEST Investment Partners received legal advice on the transaction from SNP Schlawien and tax advice from Hansa Partner Rommel & Meyer. Bird & Bird acted as legal advisor to Albrecht Gebrüder & Co.

About QUEST Investment Partners
Founded in 2016, QUEST Investment Partners is an investment and project development company with offices in Hamburg, Berlin, Munich and Frankfurt. QUEST focuses on investments in commercial properties with upside potential in top locations of major German cities and the Benelux countries. The team has extensive experience in the development of high-quality real estate projects. While QUEST Development primarily develops projects, its sister company QUEST Funds is responsible for the fund business and makes individual investments together with institutional investors. The shareholders of QUEST Investment Partners are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers. www.quest-investment.com

Hamburg, 17 June 2021. The “Kreisler” property, a joint project development by QUEST Investment Partners and Competo Capital Partners, has found a new tenant before the construction works have even begun: the food company Nestlé will be taking over around 19,000 m2 of space for its new German headquarters. After completion in 2024, Nestlé employees will move from the current location in Niederrad to the centre of Frankfurt.

This modern, 45-metre tall building will comprise 12 storeys with a total area of 25,000 m2, around 1,900 m2 of landscaped roof terraces and outdoor areas, as well as open-air workspaces in the shade. The two lower floors are to accommodate a staff restaurant and a Nestlé test kitchen, while flexible office spaces are planned on the remaining floors.
The architects at Faller + Krück have designed a layered and elegantly curved building with fluid shapes and rounded corners — a development that significantly upgrades the area. The concept also includes a sustainable LEED Gold certification.

Theja Geyer, Managing Partner at QUEST Investment Partners, states: “The decision by Nestlé Germany is an excellent signal for the development of Frankfurt’s Bahnhofsviertel. We believed in the potential of this property from the start and are delighted to have secured such a strong tenant.”

The property is located on the southern edge of the dynamic Bahnhofsviertel, Frankfurt’s railway station district. The site measuring around 4,700 m2 is situated at the corner of Baseler Straße and Gutleutstraße, between the central station and Baseler Platz. The name “Kreisler” is inspired by the former traffic roundabout between the central station and the Friedensbrücke bridge, which was an important junction in the city. With the demolition of the existing office buildings currently underway, civil engineering activities are set to begin in the summer of 2021.

Colliers acted as broker in the transaction; QUEST Investment Partners was legally advised by SNP Schlawien.

About QUEST Investment Partners
Founded in 2016, QUEST Investment Partners is an investment and project development company with offices in Hamburg, Berlin, Munich and Frankfurt. QUEST focuses on investments in commercial properties with upside potential in top locations of major German cities and the Benelux countries. The team has extensive experience in the development of high-quality real estate projects. QUEST Funds is in charge of the fund business of the real estate company and makes individual investments in cooperation with institutional investors. The shareholders of QUEST Investment Partners are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers. www.quest-investment.com

About Competo Capital Partners
Competo Capital Partners GmbH is an owner-managed and independent investment and asset management specialist. Core competencies are focused on custom-tailored-investments in German project developments with equity and mezzanine loans as well as long-term investments in existing properties. In this context Competo supports a small and select number of institutional investors, almost exclusively from foundations and family offices.

In project developments, Competo Capital Partners participates with equity and mezzanine loans in selected real estate project developments by experienced developers in Germany in the office, residential, retail, logistics and hotel segments. On average, the investment portfolio consists of 15 equity investments with an investment volume of around one billion euros and 10 mezzanine investments with an investment volume of about one billion euros. This amounts to a combined investment volume of around two billion euros.

In the segment of existing properties, Competo acts as an investment and asset manager and currently manages a portfolio of 17 office properties with an investment volume of around 1.2 billion euros in Munich, Hamburg, Düsseldorf, Frankfurt, Stuttgart and Ulm.

Competo hence manages a total investment volume of 3.2 billion euros in the real estate sector.

Hamburg, 5 May 2021. A joint venture established by QUEST Investment Partners and AXA IM Alts, acting on behalf of its clients through its Real Assets platform, has acquired an office building in Berlin Mitte that directly adjoins the inner-city campus of an international life sciences company. The seven-storey building at Sellerstraße 31 comprises 15,800 m² of total lettable area and was acquired as part of a sale-and-leaseback transaction. Built in 1992, the corporate property is in very good structural condition and will be used by the current tenant for at least another two years.

“Subject to the necessary approvals, we intend an extensive repositioning programme on expiry of the current lease with the aim of designing a highly modern, sustainable and and future-proof building. Furthermore, we plan to activate the unused area potential of the property to redevelop and reposition the location”, explains Jan Rouven Künzel, Managing Partner at QUEST Investment Partners.

The subway station Reinickendorfer Straße, located directly in front of the property, as well as various bus lines offer excellent connections to the local transportation network. The central station is only a five-minute car ride away, while the new BER airport can be reached in half an hour.

Cushman & Wakefield carried out the structured transaction process on the exclusive order of the seller. The JV partners received legal advice on the acquisition from Jebens Mensching LLP, technical advice from Propertunities Immobilien Consulting, and tax advice from Hansa Partner Rommel & Meyer. In establishing the joint venture, QUEST was advised by Jebens Mensching LLP, while AXA IM Alts was advised by Freshfields Bruckhaus Deringer.

About QUEST Investment Partners
Founded in 2016, QUEST Investment Partners is an investment and project development company with offices in Hamburg, Berlin, Munich and Frankfurt. QUEST focuses on investments in commercial properties with upside potential in top locations of major German cities and the Benelux countries. The team has extensive experience in the development of high-quality real estate projects. QUEST Funds is in charge of the fund business of the real estate company and makes individual investments in cooperation with institutional investors. The shareholders of QUEST Investment Partners are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers. www.quest-investment.com

Frankfurt, 3. Mai 2021. QUEST Funds and Universal-Investment have acquired four innercity office properties in Berlin, Hamburg, Frankfurt and Munich as part of an investment for Bayerische Versorgungskammer (BVK). The real estate portfolio named “Urban Office RE” and comprising around 25,000 m² will be part of a fund managed by Universal-Investment. The properties are core/core plus properties in central locations that were acquired by the QUEST Group in recent years and specifically developed to reach portfolio quality. QUEST Funds acts as investment and asset manager of the portfolio.

The Berlin property is known as “P88”. Measuring 8,400 m² in size, it was built in 1965 and extensively renovated in 2010. It is fully let to the security company Securitas and the Bioscentia laboratory. The complex includes 101 parking spaces. The building at Potsdamer Straße 88 is only a few minutes’ walk from Potsdamer Platz and the underground station Kurfürstenstraße.

In Frankfurt, it is the “Hotel Hohenzollern Office” right next to the central station that will become part of the portfolio. The office property was repositioned in recent years by QUEST’s project development division. The building, which is partly listed and dates back to 1910, offers a total rental space of 7,300 m².

At Neuer Wall 54 in Hamburg, QUEST Funds has secured an office and commercial building with 4,700 m² of total rental space, of which 65 per cent is office space and 35 per cent is retail space. Here, QUEST is currently modernising the entrance area and the common areas. The long-term tenant of the entire retail space is the Danish furniture store Illums Bolighus. The office spaces are partially vacant. They are to be upgraded and rented out in the course of the modernisation measures.

The property in Munich is “Fritz”, a project developed by QUEST. In Munich’s Ludwigsvorstadt district, the QUEST Group is revitalising the office and commercial building at Schillerstraße 23a, south of the central station, which was built in 1973. Completion is scheduled for early 2022. Following its modernisation and extension by two full storeys, the property will feature 4,500 m² of total rental space and a new roof terrace. It will be added to the BVK portfolio as part of a forward deal.

“Thanks to the very good micro-locations in Germany’s top four cities and the high degree of diversification, this investment is a strong addition to our real estate portfolio and will generate attractive returns for our clients”, says Norman Fackelmann, Head of Real Estate at BVK.

Roland Holschuh, Managing Partner of QUEST Funds: “The mix of properties offers a strong combination of stable cash flows and upside potential. We look forward to working together and especially to actively further developing the portfolio.”

The buyer received legal advice from Pinsent Masons and commercial advice from EY Real Estate. Hansa Partner Rommel & Meyer acted as tax and Jebens Mensching and Capstone Legal as legal advisers for the seller.

About QUEST Investment Partners
Founded in 2016, QUEST Investment Partners is an investment and project development company with offices in Hamburg, Berlin, Munich and Frankfurt. QUEST focuses on investments in commercial properties with upside potential in top locations of major German cities and the Benelux countries. The team has extensive experience in the development of high-quality real estate projects. QUEST Funds is in charge of the fund business of the real estate company and makes individual investments in cooperation with institutional investors. The shareholders of QUEST Investment Partners are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers. www.quest-investment.com

About Bayrische Versorgungskammer
Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.4 million insured persons in total, with contributions of € 5.2 billion and about € 3.8 billion pension payments annually. It currently has € 97.2 billion assets under management (market value) and more than 1,420 employees.

About Universal-Investment
With fund assets of around EUR 667 billion under administration, there of EUR 458 billion in own vehicles and around EUR 209 billion in, inter alia, insourcing, well over 1,800 mutual and special investment mandates and a workforce of around 750, Universal-Investment is the largest independent investment company in the German-speaking region. With the acquisition of UI labs in January 2019, the industryleading IT data specialist now completes the Group’s service portfolio by adding front office and data solutions. The investment company is the central platform for independent asset management and unifies the investment know-how of portfolio managers, private banks, asset managers and investment boutiques. Founded in 1968, the Universal-Investment Group is headquartered in Frankfurt/Main and has subsidiaries, branches and holdings in Luxembourg, Poland and Austria. It is one of the pioneers of the investment industry and has meanwhile become the market leader in the areas of master-KVG and private label funds. According to the 2020 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment ranks second (as of March 31, 2021). More information available at: www.universal-investment.com

Hamburg, 20 April 2021. The investment and asset management company QUEST Funds has concluded lease extensions for more than 2,100 m2 in the office and commercial building Q21 Offices in Hamburg Barmbek. Denn’s Biomarkt has signed a five-year extension for its existing 905 m2 in the property, which was completed in 2012 and holds a DNGB Silver certificate. The same goes for the Targobank branch with 430 m2 and the Budni drugstore (808 m2). All tenants will remain at this highly frequented location at Fuhlsbüttler Strasse 387-399 until at least 2027.

The fully let multi-tenant building is characterised by a mixed use concept that comprises offices, local amenities, restaurants and services and is part of a fund managed by QUEST Funds. The property features 13,657 m2 of office space and 4,830 m2 of retail space. The underground car park can accommodate 299 cars, and a further 15 parking spaces are located in the outdoor area.

Quartier 21 is an ensemble of 21 listed historic buildings and 16 modern buildings on the site of the former General Hospital of Barmbek. It is designed for intergenerational living and working, featuring health care, educational institutions, retail, restaurants and offices in the immediate vicinity.
The Stadtpark, a local recreational area, can be reached on foot. Thanks to the central location and good public transport connections, it takes only ten minutes to get to the airport and 20 minutes to reach the Jungfernstieg shopping street.

BNP Paribas Real Estate acted as advisor on the letting of the property.

About QUEST Investment Partners
Founded in 2016, QUEST Investment Partners is an investment and project development company with offices in Hamburg, Berlin, Munich and Frankfurt. QUEST focuses on investments in commercial properties with upside potential in top locations of major German cities and the Benelux countries. The team has extensive experience in the development of high-quality real estate projects. QUEST Funds is in charge of the fund business of the real estate company and makes individual investments in cooperation with institutional investors. The shareholders of QUEST Investment Partners are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers.

Hamburg, 31 March 2021. The investment and asset manager QUEST Funds has sold an office building in the Rue Montoyer 34 in Brussels to Belgian real estate company Alides. It acquires the property companies Montoyer 34 Leasehold and Montoyer 34 Freehold from the Hesse Newman Real Estate Nr. 8 fund which is managed by QUEST Funds.

The nine-storey property was built in 1993 and encompasses 12,582 m2 of office space which is leased to the European Commission until September 2021. Alides is planning to refurbish the property after the tenant has vacated the building. A restaurant and 216 m2 of retail space are located on the ground floor. The underground car park offers 276 spaces. The purchase price was not disclosed.

The fund was created in 2011 with a conservative investment strategy. “Following the move- out of the European Commission, extensive investments need to be made in order to raise value in the property. During the sales process, we were able to leverage that potential and realise a pricing level from which the fund now profits without taking on any development risks,” says Roland Holschuh, Managing Partner at QUEST Funds. The vast majority of private investors in the fund agreed on the sale.

Brussels’ European District is ideally linked to public transport via the subway stations Trône and Arts/Loi. A number of bus lines stop right next to the office building which is located only a few minuntes’ walk from the Bruxelles-Luxembourg station. Its position close to the R20 Small Ring Road around the inner city also makes it easily accessible by car.

About QUEST Investment Partners
Founded in 2016, QUEST Investment Partners is an investment and project development company with offices in Hamburg, Berlin, Munich and Frankfurt. QUEST focuses on investments in commercial properties with upside potential in top locations of major German cities and the Benelux countries. The team has extensive experience in the development of high-quality real estate projects. QUEST Funds is in charge of the fund business of the real estate company and makes individual investments in cooperation with institutional investors. The shareholders of QUEST Investment Partners are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers.