QUEST and Competo let 19,000 m² in Frankfurt to Nestlé Germany

QUEST and Competo let 19,000 m² in Frankfurt to Nestlé Germany 150 150 QUEST Investment Partners

QUEST and Competo let 19,000 m² in Frankfurt to Nestlé Germany

Hamburg, 17 June 2021. The “Kreisler” property, a joint project devel­opment by QUEST Investment Partners and Competo Capital Partners, has found a new tenant before the construction works have even begun: the food company Nestlé will be taking over around 19,000 m² of space for its new German headquarters. After completion in 2024, Nestlé employees will move from the current location in Niederrad to the centre of Frankfurt.

This modern, 45-metre tall building will comprise 12 storeys with a total area of 25,000 m², around 1,900 m² of landscaped roof terraces and outdoor areas, as well as open-air workspaces in the shade. The two lower floors are to accom­modate a staff restaurant and a Nestlé test kitchen, while flexible office spaces are planned on the remaining floors.
The archi­tects at Faller + Krück have designed a layered and elegantly curved building with fluid shapes and rounded corners — a devel­opment that signif­i­cantly upgrades the area. The concept also includes a sustainable LEED Gold certification.

Theja Geyer, Managing Partner at QUEST Investment Partners, states: “The decision by Nestlé Germany is an excellent signal for the devel­opment of Frankfurt’s Bahnhofsviertel. We believed in the potential of this property from the start and are delighted to have secured such a strong tenant.”

The property is located on the southern edge of the dynamic Bahnhofsviertel, Frankfurt’s railway station district. The site measuring around 4,700 m² is situated at the corner of Baseler Straße and Gutleut­straße, between the central station and Baseler Platz. The name “Kreisler” is inspired by the former traffic round­about between the central station and the Friedens­brücke bridge, which was an important junction in the city. With the demolition of the existing office buildings currently underway, civil engineering activ­ities are set to begin in the summer of 2021.

Colliers acted as broker in the trans­action; QUEST Investment Partners was legally advised by SNP Schlawien.

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.

About Competo Capital Partners
Competo Capital Partners GmbH is an owner-managed and independent investment and asset management specialist. 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, retail, logistics and hotel segments. On average, the investment portfolio consists of 15 equity invest­ments with an investment volume of around one billion euros and 10 mezzanine invest­ments with an investment volume of about one billion euros. This amounts to a combined investment volume of around two billion euros.

In the segment of existing properties, Competo acts as an investment and asset manager and currently manages a portfolio of 17 office properties with an investment volume of around 1.2 billion euros in Munich, Hamburg, Düsseldorf, Frankfurt, Stuttgart and Ulm.

Competo hence manages a total investment volume of 3.2 billion euros in the real estate sector.

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