Hinden­burghaus in Hamburg: QUEST and HASPA PeB establish Joint Venture

Hinden­burghaus in Hamburg: QUEST and HASPA PeB establish Joint Venture 150 150 QUEST Investment Partners

Hinden­burghaus in Hamburg: QUEST and HASPA PeB establish Joint Venture

Hamburg, 26 November 2020. QUEST Investment Partners and HASPA PeB Projek­ten­twick­lungs- und Beteili­gungs­ge­sellschaft have estab­lished a joint venture for the acqui­sition and refur­bishment of Hamburg’s historic Hinden­burghaus property. Built in 1909 as a luxury hotel, the property at Großer Burstah 31 is a listed building and contains 12,600 m² of office, retail and residential space. QUEST had already announced the acqui­sition in October 2020.

“We are delighted to have found HASPA PeB as co-investor for this unique Kontorhaus property. With the planned refur­bishment, two Hanseatic companies will now ensure that the unique character of this building is preserved for the future,” says Theja Geyer, Managing Partner at QUEST Investment Partners.

Harald Hempen, Managing Director at HASPA PeB, adds: “As a Hamburg real estate company, we are proud to count this local and archi­tec­tural gem among our projects. We firmly believe in the potential of the building, which we want to leverage together with QUEST.”

The centrally located property is within walking distance of the town hall, the stock exchange, various bus stops and the under­ground and suburban railway stations Rödings­markt and Stadthausbrücke.

The financing bank of this trans­action is Haspa AG. In the estab­lishment of the joint venture, QUEST Investment Partners received legal advice from SNP Schlawien while HASPA PeB was advised by BRL Boege Rohde Luebbehuesen.

About Haspa PeB 
HASPA Projek­ten­twick­lungs- und Beteili­gungs­ge­sellschaft mbH was founded as an independent subsidiary of Haspa-Finanz­gruppe. From the acqui­sition of undeveloped and developed plots, to project planning and the procurement of devel­opment rights, all the way to execution - HASPA PeB aims to promote real estate project devel­op­ments at all stages in the metro­politan region of Hamburg and in Berlin. As a reliable and finan­cially strong partner, HASPA PeB partic­i­pates as a minority share­holder or through individual financing solutions.

For more infor­mation about HASPA PeB, please visit www.haspa-peb.de

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

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