Press

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.

The project devel­opers of QUEST Investment Partners have acquired Emmler Lofts in Berlin’s Kreuzberg district. The property was sold by FORTIS Real Estate Investment GmbH, whose exclusive consultant was Catella Property GmbH. It has been agreed not to disclose the purchase price. The office and retail property with a rental area of around 5,000 m² is located at 25-26 Kottbusser Damm.