Press

After Hamburg, Berlin and Frankfurt, the project developers at QUEST Investment Partners have now also expanded into the Bavarian capital. Working with CSMM archi­tects, they are revita­lising an office and commercial building from 1973 situated at Schil­ler­straße 23a in Munich’s up-and-coming Ludwigs­vor­stadt district.

Frankfurt/Hamburg, 05 March 2020. As of April 1, 2020, the investment manager QUEST Funds is taking over the real estate fund portfolio managed by the North German investment company NORDCAPITAL. The portfolio includes 15 funds with office properties in Germany and the Benelux countries, comprising some 265,000 m² of space and an investment volume of 1.2 billion euros.

In addition to their existing offices in Hamburg and Berlin, real estate project developers QUEST Investment Partners have now opened a branch in Frankfurt am Main. Martin Schwientek (43) and Simon Speidel (45) are in charge of the new office in the German metro­polis.

Real estate company Quest Investment Partners has founded a company for investment business with insti­tu­tional investors: the new QUEST Funds GmbH is headquar­tered in Frankfurt and Hamburg. Managing Partner is Roland Holschuh FRICS (45) who will be respon­sible for the expansion of real estate invest­ments and for the day-to-day management.

Warburg-HIH Invest Real Estate (Warburg-HIH Invest) just acquired the “ELEMENT B” office scheme in Berlin-Mitte for an insti­tu­tional real estate fund it manages. Raised in 1992, the building offers a total of 6,126 square metres in lettable area plus 69 under­ground parking spots. At the moment, the property is under­going a compre­hensive upgrade by seller QUEST Investment Partners. It was agreed not to disclose the selling price.

Allianz and QUEST Investment Partners have formed a new 50:50 joint venture to acquire Focus Teleport, a fully leased office complex in central Berlin which will be upgraded over time in line with Allianz Real Estate’s manage to core strategy.

With Rödings­markt 39 in Hamburg, the project developers at QUEST Investment Partners have acquired a further office building in the “Hafen­spange” area between the harbour and HafenCity. In this six-storey building with an area of around 5,200 m², the ground floor is used as retail space while some 1,300 m² are used as storage space in the basement. 96 per cent of the space is predo­mi­nantly let on a short-term basis. The property further includes 30 car parking spaces.