Press

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.

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.

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.

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).

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”.