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Unilever is sole tenant of new building project Neue Burg in Hamburg

Unilever is sole tenant of new building project Neue Burg in Hamburg 150 150 QUEST Investment Partners

Unilever is sole tenant of new building project Neue Burg in Hamburg

Hamburg, 26 March 2019. The project developers at QUEST Investment Partners have signed a multi-year lease with Unilever for the “Neue Burg” building in Hamburg’s Nikolai district. The consumer goods group will be taking over the entire area of around 6,500 m² for its German headquarters, making it the sole tenant of the nine-storey office building scheduled for completion in mid-2020. The building shell is currently under construction. Works on the façade and the interior are scheduled to begin in the middle of the year.

Planned by the architects Stölken Schmidt, the Neue Burg is being built on Hamburg’s historic nucleus. “Thanks to the slender, towering vertical lines and analogies in the choice of materials for the façade, the new building will fit perfectly into the surroundings of the adjacent memorial, St. Nikolai Church. We are pleased that Unilever Deutschland has made a long-term decision in favour of our project development and the Hamburg location,” says Theja Geyer, Managing Partner at QUEST Investment Partners. The project developers had acquired the site Neue Burg 1 from HIH Projektentwicklung GmbH.

Neue Burg 1 is located in Hamburg’s Nikolai district, the largest inner-city European Business Improvement District (BID) with a project volume of EUR 9.3 million. It runs from the Chamber of Commerce to Rödingsmarkt and from Alter Wall to Willy-Brandt-Straße. Within the time frame of the BID from August 2014 to July 2019, various measures have been and will be implemented to convert the site back into an attractive retail and office location in downtown Hamburg.

Cushman & Wakefield LLP (Germany) acted as brokers and the law firm Jebens Mensching PartG mbB as legal advisors.

About QUEST Investment Partners

QUEST Investment Partners is a real estate project development and investment company with offices in Hamburg and Berlin. QUEST focuses on investments in commercial and residential properties with upside potential in top locations of major German cities. In retail developments the focus is on good inner-city locations in German metropolitan regions. The QUEST team has extensive experience in the development of high-quality real estate projects and continuously aims at increasing the real estate values of its shareholders and investors.  QUEST’s shareholders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers who is invested in real estate, equity investments and shipping.

Competo acquires two office buildings from QUEST Investment Partners for new special fund

Competo acquires two office buildings from QUEST Investment Partners for new special fund 150 150 QUEST Investment Partners

Competo acquires two office buildings from QUEST Investment Partners for new special fund

Hamburg, 30 January 2019. Munich-based investment and asset management specialist Competo Capital Partners GmbH has acquired two office properties at Cremon in Hamburg from QUEST Investment Partners in an asset deal. Competo will incorporate both buildings into its new open-ended real estate special AIF “JHS Competo Immobilien Deutschland”. It launched the fund at the end of 2018 as an individual mandate for the Joachim Herz Foundation from Hamburg, working with International Real Estate Kapitalverwaltungsgesellschaft mbH (INTREAL) as a Service-KVG (capital investment company). The fund makes targeted investments in the office and residential segments in top locations of Germany’s major metropolitan regions.

The existing building “Cremon 3” has been comprehensively refurbished and comprises some 4,500 m² of rental space on seven floors. It is fully let to the crafts group Philip Mecklenburg and Enfore AG. The adjacent property “Cremon 1” is a new nine-storey building with around 2,500 m² of residential, retail and office space. It is scheduled for completion by mid-2020. A contract has already been signed for the entire office space measuring 1,400 m². Here, too, the tenant is the craft group Philip Mecklenburg.

The new construction plans for “Cremon 1” were conceived by the renowned architectural office gmp von Gerkan, Marg und Partner. QUEST Investment Partners closely coordinated the plans with the City of Hamburg and the Office for the Protection of Historical Monuments, as the construction of the nine-storey property directly opposite the “Haus der Seefahrt” building will emphasise the original entrance to Hamburg’s former inland port. In 1188, the development of the Port of Hamburg began in this historic place at Nikolaifleet. The site has been undeveloped since the 1960s.

Angermann Real Estate Advisory AG acted as broker during the letting and the subsequent transaction process. Legal counsel was provided to the seller by the law firm Jebens Mensching LLP and to the buyer by GSK Stockmann.

About QUEST Investment Partners

QUEST Investment Partners is a real estate project development and investment company with offices in Hamburg and Berlin. QUEST focuses on investments in commercial and residential properties with upside potential in top locations of major German cities. In retail developments the focus is on good inner-city locations in German metropolitan regions. The QUEST team has extensive experience in the development of high-quality real estate projects and continuously aims at increasing the real estate values of its shareholders and investors. QUEST’s shareholders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers who is invested in real estate, equity investments and shipping. www.quest-investment.com

About Competo Capital Partners

Competo Capital Partners is an owner-operated and independent real estate company based in Munich. Our 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, logistics and retail segments. On average, the investment portfolio consists of 15 equity investments with an investment volume of around 900 million euros and 10 mezzanine investments with an investment volume of about one billion euros. This amounts to a combined investment volume of around 1.9 billion euros.

In the segment of portfolio properties, Competo acts as an investment and asset manager and currently manages a portfolio of 12 office properties with an investment volume of around 800 million euros in Munich, Hamburg, Düsseldorf, Stuttgart and Ulm.

Competo hence manages a total investment volume of 2.7 billion euros in the real estate sector.

About the Joachim Herz Foundation

The Joachim Herz Foundation in Hamburg, Germany, promotes education, science, and research in economics and the natural sciences as well as the personal development of teens and young adults. It was founded in the summer of 2008.
The assets of the Joachim Herz Foundation amount to 1.3 billion euros. Around 16 million euros are available each year for the charitable work of the foundation.

QUEST sells Kallmorgen Tower in Hamburg to BNP Paribas REIM

QUEST sells Kallmorgen Tower in Hamburg to BNP Paribas REIM 150 150 QUEST Investment Partners

QUEST sells Kallmorgen Tower in Hamburg to BNP Paribas REIM

Hamburg, 28 January 2019. The real estate project developer QUEST Investment Partners has sold Kallmorgen Tower to BNP Paribas REIM, acting on behalf of Next Estate Income Fund III (NEIF III). Architect Werner Kallmorgen designed the 17-storey office building for IBM in 1968, inspired by a Hollerith punch card. In the last two years the listed building was gutted and completely renovated. The parties agreed not to disclose the purchase price.

Spaces, the main tenant, started operations at the beginning of the year. On an area of around 7,000 m², the leading international co-working provider offers creative professionals, start-ups, project teams and freelancers modern and light-flooded workstations along with culinary services. The office sizes range from 15 m² to 450 m². In addition, the conference area on the 16th floor also boasts spectacular views of Hamburg and the Elbphilharmonie.

“The exciting thing about this building is that it was already considered pioneering in the 1960s. In housing these state-of-the-art office concepts, it continues to reflect this today. Kallmorgen designed a modern classic, an architectural style icon,” says Theja Geyer, Managing Partner at QUEST Investment Partners.

Jebens Mensching acted in an advisory capacity during the sale of the building.
A documentation with fascinating analogue photographs of the various phases of modernisation can be found here: http://www.kallmorgen-tower.de

About QUEST Investment Partners

QUEST Investment Partners is a real estate project development and investment company with offices in Hamburg and Berlin. QUEST focuses on investments in commercial and residential properties with upside potential in top locations of major German cities. In retail developments the focus is on good inner-city locations in German metropolitan regions. The QUEST team has extensive experience in the development of high-quality real estate projects and continuously aims at increasing the real estate values of its shareholders and investors. QUEST’s shareholders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers who is invested in real estate, equity investments and shipping. www.quest-investment.com

QUEST verkauft Kallmorgen Tower in Hamburg an BNP Paribas REIM

QUEST verkauft Kallmorgen Tower in Hamburg an BNP Paribas REIM 150 150 QUEST Investment Partners
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Hamburg, 28. Januar 2019. Der Immobilien Projektentwickler QUEST Investment Partners hat den Kallmorgen Tower an die BNP Paribas REIM, handelnd für den Next Estate Income Fund III (NEIF III), veräußert. Das siebzehn-geschossige Bürogebäude in der Willy-Brandt-Str. 23 hatte der Architekt Werner Kallmorgen 1968 für IBM konstruiert und einer Hollerith Lochkarte nachempfunden. In den letzten zwei Jahren wurde der denkmalgeschützte Bau entkernt und komplett renoviert. Über den Kaufpreis haben die Parteien Stillschweigen vereinbart.

Hauptmieter Spaces hat zum Jahresbeginn seinen Betrieb gestartet. Auf rund 7.000 m2 bietet der international führende Coworking-Anbieter Kreativen, Start-ups, Projektteams und Freiberuflern moderne und lichtdurchflutete Arbeitsplätze, Büro- und Konferenzräume sowie ein gastronomisches Angebot in inspirierender Atmosphäre. Die Bürogrößen variieren dabei zwischen 15 und 450 m2. Im 16. Obergeschoss befindet sich zudem die Konferenzetage mit spektakulärem Blick über Hamburg und die Elbphilharmonie.

„Das Spannende an diesem Gebäude ist, dass es bereits in den 1960er Jahren als zukunftsorientiert galt. Dafür steht es heute, mit dem Einzug der modernsten aller Büronutzungformen, immer noch. Kallmorgen hat einen modernen Klassiker entworfen, eine architektonische Stilikone“, sagt Theja Geyer, geschäftsführender Gesellschafter von QUEST Investment Partners.

Bei dem Verkauf des Gebäudes war Jebens Mensching beratend tätig.

Eine spannende analog fotografierte Dokumentation der verschiedenen Modernisierungsphasen finden Sie hier: http://www.kallmorgen-tower.de

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Über QUEST Investment Partners

QUEST Investment Partners ist eine Immobilien Projektentwicklungs- und Investmentgesellschaft mit Sitz in Hamburg und Berlin. QUEST konzentriert sich auf Investitionen in Gewerbe- und Wohnimmobilien mit Wertsteigerungspotentialen in ausgewählten Lagen deutscher Großstädte. Bei Einzelhandelsentwicklungen liegt der Fokus auf guten innerstädtischen Lagen in deutschen Metropolregionen. Das Team von QUEST verfügt über langjährige Erfahrungen in der Entwicklung von hochwertigen Immobilienprojekten. QUEST hat es sich zum Ziel gemacht, als Projektentwickler und Immobilienmanager die Immobilienwerte ihrer Gesellschafter und Investoren kontinuierlich zu steigern. Gesellschafter der QUEST sind die Geschäftsführer Theja Geyer und Jan Rouven Künzel sowie die Investment Holding des Hamburger Unternehmers Erck Rickmers, der in den Bereichen Immobilien, Unternehmensbeteiligungen und Schifffahrt investiert ist.

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Plans for new luxury hotel near Lake Alster

Plans for new luxury hotel near Lake Alster 150 150 QUEST Investment Partners


Plans for new luxury hotel near Lake Alster

Source: Abendblatt.de
Image: Marcelo Hernandez
Article: Ulrich Gaßdorf

The project developers at Quest focus on properties and plots of land in the city centre, one of which is located right next to Hamburg’s “Hotel Vier Jahreszeiten”.

Hamburg. The inconspicuous brick building is located on Große Theaterstraße – only a few metres from the Binnenalster and in the direct vicinity of Hamburg’s “Hotel Vier Jahreszeiten”. Theja Geyer and Jan Rouven Künzel, Managing Partners at Quest, have a vision for this prime location: a luxury boutique hotel with around 100 rooms.

The existing building is to be demolished and by 2021 this site will become home to a new seven-storey building with a white façade and French balconies. “The location is perfectly suited for a hotel. In addition, the property is not a listed building, which means that demolition is possible. We are already talking to possible operators. There is great interest,” said Künzel in an interview with “Hamburger Abendblatt”. The aim is to design an individual hotel that meets the highest standards and is an unparalleled feature of Hamburg’s city centre.

It’s all about the location
The two Quest managers are at their office on Hohe Bleichen. This is where business partners are welcomed into generous, light-flooded rooms. The two project developers founded the company in June 2016 together with lawyer Detlef Broszehl and ship owner Erck Rickmers, who is also chairman of the advisory board. They have since been on a shopping spree. The city centre and the old town are their hunting ground. One of the properties is the building on Große Theaterstraße: “For us, it’s always about the location. We specialise in refurbishing or extending existing buildings, or even listed buildings. But, of course, we are also open to new construction projects,” states Künzel.

These roads are under construction
Currently this is the case at “Neue Burg” right next to St. Nikolai memorial. The building pit has already been excavated. Based on the plans of Hamburg architects Stölken Schmidt, an office building is to be created here by 2020. The property will comprise 6,500 square metres of gross floor area, including retail and restaurant facilities on the ground floor. In addition, Quest is also developing the “Cremon 1” site: “The site is located in the heart of Hamburg’s old town, close to the former harbour gate. In 1188, the development of the Port of Hamburg began in this historic place,” says Künzel. The new building was designed by the renowned Hamburg architects gmp Architekten Gerkan, Marg und Partner. Overlooking Nikolaifleet, offices as well as ten high-end rental apartments are to be built here by 2020. The adjacent office building from the 70s is also part of the project and has already been modernised.

Driving along Baumwall in the direction of Landungsbrücken, a striking building at the street corner opposite the underground station catches your eye. We are talking about “Überseehaus”. Built in the early 1980s, it was acquired by Quest and Allianz last year: “We are modernising this building, creating a prestigious entrance area. We want to redesign the attic and optimise the use of space,” states Künzel.

The two project developers have been working in the industry for 14 years. Most recently, when working at Art-Invest, they oversaw the revitalisation of the building complex of the former Vereins- und Westbank on Hamburg’s Alter Wall. But the real estate experts “wanted to do something of their own.” “We found the right partners in Erck Rickmers and Detlev Broszehl. We take care of the operative business,” says Geyer.

A new building is being constructed on the street Neue Burg. There, an office building with areas for retail and catering on the ground floor is to be built. The design is by the Hamburg office Stölen Schmidt Architekten.

A luxury boutique hotel (l.) is to be built on the Große Theaterstraße, right next door is the Vier Jahreszeiten.

20 employees are working for the project developers
Quest’s total investment currently amounts to around 660 million euros. Since its foundation, the company has acquired 19 properties in Hamburg. Kallmorgen Tower on Willy-Brandt-Straße, a listed building dating back to 1968, is one of them. The provider Spaces has since turned the high-rise building into the city’s largest co-working space. The portfolio also included the historical Kontorhaus building “Elbhof” on Steinhöft, which is being used as an office space. The properties usually change hands after revitalisation or construction is completed. The buyers include institutional investors such as pension funds or major private investors.

20 employees are currently working for the project developers who have also opened an office in Berlin: “Of course our heart is set on Hamburg and we are looking into further acquisition opportunities in central locations here. But the Berlin market is extremely interesting, as there are still some places that will develop positively in the coming years,” says Künzel. The properties in the German capital include the “Lenzhaus” on Kurfürstenstraße, which was built in the 1920s. It is reminiscent of American high-rise buildings from that era.

Geyer and Künzel focus their project development “exclusively on major German cities.” This is why they also operate in Frankfurt am Main, where they acquired the former “Hotel Hohenzollern” not far from the central station. The building from 1910 will be converted into an office building with retail and restaurant facilities. A new project is also due to be presented in Munich in the coming weeks.

© Hamburger Abendblatt 2019 – All rights reserved.

QUEST launches new building project at Nikolaifleet in Hamburg

QUEST launches new building project at Nikolaifleet in Hamburg 150 150 QUEST Investment Partners

QUEST launches new building project at Nikolaifleet in Hamburg

  • Premium new building “Cremon 1” already rented out at 60 percent
  • Upgrade “Cremon 3”: 4,500 m² of office space fully let
  • QUEST restores Hamburg’s historic harbour gate with new property

Hamburg, 08 October 2018. In the coming days, the project development company QUEST Investment Partners will begin construction of a new building at Cremon 1 in the heart of Hamburg. The site, which has been undeveloped since the 1960s, will provide 2,500 m² of office, retail and residential space. Around 1,400 m² of office space has already been let. Completion is scheduled for mid-2020.

The plans designed by the renowned architects gmp von Gerkan, Marg und Partner were coordinated with the City of Hamburg and the Office for the Protection of Historical Monuments, as QUEST’s nine-storey building will restore the original entrance to Hamburg’s former inland port. In 1188, the development of the Port of Hamburg began in this historic place at Nikolaifleet. The project therefore places great emphasis on the historical significance and visually brings the former harbour gate back to life. To achieve this, the developers will be adapting not only the height but also the proportions and the materials of the building to the “Haus der Seefahrt” on the opposite side. “The charming view of the historical houses on Deichstraße, of Speicherstadt, Elbphilharmonie and of course the River Elbe, is certainly unique in Hamburg. We are convinced that the strong demand for spaces in the harbour periphery will continue in the future,” says Theja Geyer, Managing Partner at QUEST Investment Partners.

Office building at Cremon 3 modernised and fully let

Another building at the historical Nikolaifleet, adjacent to Cremon 1, is the seven-storey office building Cremon 3 with 4,500 m² of space and 26 underground parking spaces. The refurbishment of the property, which dates back to the 1970s, was completed in mid-2018 and includes a new façade, modern building services and a flexible floor layout on the inside. The property has already been fully let.

Angermann Real Estate Advisory AG acted as broker for the letting of the buildings at Cremon 1 and Cremon 3.

About QUEST Investment Partners

QUEST Investment Partners is a real estate project development and investment company with offices in Hamburg and Berlin. QUEST focuses on investments in commercial and residential properties with upside potential in top locations of major German cities. In retail developments the focus is on good inner-city locations in German metropolitan regions. The QUEST team has extensive experience in the development of high-quality real estate projects and continuously aims at increasing the real estate values of its shareholders and investors. QUEST’s shareholders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers who is invested in real estate, equity investments and shipping. www.quest-investment.com

QUEST Investment Partners acquires first project in Frankfurt

QUEST Investment Partners acquires first project in Frankfurt 150 150 QUEST Investment Partners

QUEST Investment Partners acquires first project in Frankfurt

Hamburg, 16 August 2018. The project development company QUEST Investment Partners has acquired Haus Hohenzollern in Frankfurt am Main, which was originally designed as a hotel in 1910. The seven-storey building is QUEST’s first property in Frankfurt and is located at Düsseldorfer Straße 1-7, right in the heart of the metropolis on the River Main. Around 7,200 m² of rentable space is available in this historical building.

The historical façade of the Hotel Hohenzollern office and commercial building with its diverse stylistic and structural elements is to be refurbished in line with the standards of monument preservation. On the inside, the vacant office and commercial spaces as well as the common areas will be renovated to achieve modern standards of technology. This will be accompanied by a complete restructuring of the ground floor zone, where open and generous access areas to the office spaces on the upper floors are envisaged.

The measures adopted by the City of Frankfurt for the establishment of new restaurant and retail spaces in the immediate vicinity of the building will further enhance the future appeal of this location.

QUEST Investment Partners acquired the building from Gateway Real Estate AG and was exclusively advised on the transaction by Cushman & Wakefield LLP and Jebens Mensching LLP.

About QUEST Investment Partners

QUEST Investment Partners is a real estate project development and investment company with offices in Hamburg and Berlin. QUEST focuses on investments in commercial and residential properties with upside potential in top locations of major German cities. In retail developments the focus is on good inner-city locations in German metropolitan regions. The QUEST team has extensive experience in the development of high-quality real estate projects and continuously aims at increasing the real estate values of its shareholders and investors. QUEST’s shareholders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers who is invested in real estate, equity investments and shipping. www.quest-investment.com

Allianz acquires the Überseehaus in Hamburg together with QUEST Investment Partners

Allianz acquires the Überseehaus in Hamburg together with QUEST Investment Partners 150 150 QUEST Investment Partners

Allianz acquires the Überseehaus in Hamburg together with QUEST Investment Partners

Munich, July 20, 2018. Allianz and QUEST Investment Partners have jointly acquired the Überseehaus office and commercial building at Baumwall 5-7 in Hamburg, which was built in the 1980s. The multi-tenant property is optimally connected to public transport and has around 11,300 sqm of space, most of which is rented. The aim is to reposition the asset, a nine-storey building located in a prominent location on Baumwall with views of the Speicherstadt, Elbphilharmonie and the Port of Hamburg as part of a joint venture. QUEST will take over the active asset and project management. The parties involved have agreed not to disclose the purchase price. Allianz Real Estate acquired the building on behalf of several Allianz insurance companies.

“We are delighted that we were able to acquire our first manage-to-core project in Hamburg with Überseehaus,” says Annette Kröger, CEO at Allianz Real Estate Germany. “We see great development opportunities for this traditional building with its striking architecture. We are also pleased to be working with QUEST Investment Partners.” For Allianz, this is the first joint venture with a project developer in Germany.

“The fact that we have been able to convince Allianz with our work and win them over as partners for this attractive project is a fine confirmation of our investment strategy,” says Jan Rouven Künzel, managing partner of QUEST. “Over the next few years, the property is to be modernised. The efficient office space in the best Elbe location with views of the Elbphilharmonie and the harbour will enable the property to be optimally repositioned on the Hamburg real estate market in the medium term”.

Allianz and QUEST Investment Partners were advised exclusively by Jebens Mensching LLP and Hansa Partner.

Press contact:

Allianz Real Estate Claire Fraser
+49 (0) 89 3800 8236
claire.fraser@allianz.com

Citigate Dewe Rogerson (UK) Nick Corrin / Patrick Evans / Hugh Fasken
+44 (0) 20 7638 9571
nick.corrin@citigatedewerogerson.com / hugh.fasken@citigatedewerogerson.com / patrick.evans@citigatedewerogerson.com

QUEST Investment Partners Stefanie Rother
+49 (0) 160 972 88 057
rother@quest-investment.com

About Allianz
The Allianz Group is one of the world’s leading insurers and asset managers with more than 86 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.3 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold a leading position in the Dow Jones Sustainability Index. In 2016, over 140,000 employees in more than 70 countries achieved total revenue of 122 billion euros and an operating profit of 11 billion euros for the group.

About Allianz Real Estate
Allianz Real Estate is the strategic real estate organization within the Allianz Group and a leading international real estate investment and asset manager. Allianz Real Estate develops and executes worldwide tailored portfolio and investment strategies on behalf of the Allianz companies, considering direct as well as indirect investments and real estate loans. The operational management of investments and assets is currently performed in 5 regions, West Europe (Belgium, France, Italy, Luxemburg, Portugal, Spain), North & Central Europe (Austria, CEE, Germany, Ireland, Nordics), Switzerland, USA and Asia Pacific. The headquarters of Allianz Real Estate are located in Munich and Paris. Allianz Real Estate has approximately 56 billion euros assets under management.

About QUEST Investment Partners
QUEST Investment Partners is a real estate project development and investment company with offices in Hamburg and Berlin. QUEST focuses on investments in commercial and residential properties with upside potential in top locations of major German cities. In retail developments the focus is on good inner-city locations in German metropolitan regions. The QUEST team has extensive experience in the development of high-quality real estate projects and continuously aims at increasing the real estate values of its shareholders and investors. QUEST’s shareholders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers who is invested in real estate, equity investments and shipping.
www.quest-investment.com

Cautionary Note Regarding Forward-Looking Statements
In so far as forecasts or expectations are expressed in this document or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results and developments may therefore differ considerably from the expectations and assumptions made.
Such deviations may arise due to, without limitation, (i) changes of the general economic conditions and competitive situation, particularly in the Allianz Group’s core business and core markets, (ii) performance of financial markets (particularly market volatility, liquidity and credit events), (iii) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the euro/US-dollar exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions, including related integration issues, and reorganization measures, and (xi) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

No duty to update
The company is under no obligation to update the information and the forward-looking statements made in this report, provided there is no statutory publication requirement.

Bremer Carrée: Co-working provider Spaces moves into Ansgari Haus

Bremer Carrée: Co-working provider Spaces moves into Ansgari Haus 150 150 QUEST Investment Partners

Bremer Carrée: Co-working provider Spaces moves into Ansgari Haus

Hamburg, 05 July 2018. Good news for start-ups, project teams and freelancers in Bremen: starting in mid-2019, co-working provider Spaces will be offering modern workplaces along with office and conference rooms in an inspiring atmosphere at Ansgari Haus.

Spaces operator International Workplace Group plc (IWG) will be opening its doors at the centrally located Bremer Carrée, covering around 3,200 m² across five floors. The flexible office concept with modern design furniture also includes a café with its own barista. IWG is the global market leader for flexible office solutions and currently operates around 3,300 business centres in 120 countries, 105 of them in Germany. Spaces has signed a multi-year lease for Ansgari Haus.

Ansgari House, which was acquired and modernised by property developer QUEST Investment Partners in July 2017, is now fully let. The fashion store AppelrathCüpper will open its doors in spring 2019, covering 2,400 m² across three floors.
“The two new main tenants at Ansgari Haus are a real asset for Bremen’s city centre. They will revive Obernstraße and help provide new momentum,” says Jan Rouven Künzel, Managing Partner at QUEST Investment Partners.

“Our offer starts with a membership that gives access to the co-working stations at our Business Club. In addition, our members can rent their own offices from 16 m² upwards and use meeting rooms and the relevant technology for presentations as required,” says Daniel C. Grimm, Development Director Germany at Spaces. Spaces comes from Amsterdam and is based on the idea that success is contagious. Freethinkers and creative professionals can use the co-working environment or organised networking and business events to exchange ideas and inspire each other.

About QUEST Investment Partners

QUEST Investment Partners is a real estate project development and investment company with offices in Hamburg and Berlin. QUEST focuses on investments in commercial and residential properties with upside potential in top locations in Hamburg and Berlin. In retail developments the focus is on good inner-city locations in German metropolitan regions. The QUEST team has extensive experience in the development of high-quality real estate projects and continuously aims at increasing the real estate values of its shareholders and investors. QUEST’s shareholders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers who is invested in real estate, equity investments and shipping. www.quest-investment.com

QUEST secures first tenant at Lenzhaus

QUEST secures first tenant at Lenzhaus 150 150 QUEST Investment Partners

QUEST secures first tenant at Lenzhaus

Hamburg, 08 May 2018. Following the recently completed acquisition of the Lenzhaus in Berlin, the project developers at QUEST Investment Partners have signed the first long-term contract with TAG Immobilien AG for approx. 2,000 m² of rental space.

“In concluding the first rental agreement for the fourth quarter of 2018, we are pleased to demonstrate the high quality of the property and its location, which substantiates the sustainability of our investment in Berlin,” emphasizes Arne Siemens, General Manager of QUEST’s Berlin office. BNP Paribas Real Estate acted as broker in the letting process.
Located between Zoologischer Garten, Kurfürstendamm and Potsdamer Platz, the property currently offers a further 3,200 m² of high-end office space for rent.

The floor plans behind the listed façade offer ample flexibility in terms of usage as well as high room quality. In addition, the inner courtyard is to be reactivated and the roof terrace is to provide inviting spaces for relaxation and events.

Located in the direct vicinity of Kurfürstendamm 1, the Lenzhaus was built in 1928/1929 by Heinrich Straumer, the architect of Berlin’s 145 metre radio tower. It was one of the first high-rise office buildings in Berlin for the construction group Lenz & Co. With its eight storeys, the Lenzhaus was three storeys higher than permissible at the time but could nevertheless be constructed thanks to an exceptional permit. In designing the Lenzhaus, Straumer focused on simple elegance and combined the Art Deco style of American high-rise buildings of the 1920s with Gothic elements such as the lesenes on the façade. A lesene is a narrow and slightly protruding vertical reinforcement of the wall. The pilaster strip is used to decorate smooth walls, but also to reinforce the supporting structure.

About QUEST Investment Partners

QUEST Investment Partners is a real estate project development and investment company with offices in Hamburg and Berlin. QUEST focuses on investments in commercial and residential properties with upside potential in top locations in Hamburg and Berlin. In retail developments the focus is on good inner-city locations in German metropolitan regions. The QUEST team has extensive experience in the development of high-quality real estate projects and continuously aims at increasing the real estate values of its shareholders and investors. QUEST’s shareholders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entrepreneur Erck Rickmers who is invested in real estate, equity investments and shipping. www.quest-investment.com