Frankfurt am Main
RAW Frankfurt
Klaus-Bungert-Strasse 6
Westgate II


At QUEST Funds GmbH, founded in 2019, a team of 20 people is in charge of the fund and investment business as well as the asset management of the real estate company. The company makes individual investments in cooperation with institutional investors such as insurance companies, pension funds, foundations and family offices.

QUEST Funds offers tailor-made investment opportunities with an attractive risk-return profile for capital with a medium to long-term horizon – be it as a fund, club deal or individual investment. The company currently manages a portfolio of 15 funds with 15 office properties in Germany and the Benelux countries, comprising some 265,000 m2 of space and an investment volume of 1.2 billion euros. Roland Holschuh is the managing partner of QUEST Funds


Roland Holschuh

Roland Holschuh is Managing Partner of QUEST Funds GmbH. As Chief Executive Officer and Chief Investment Officer he is responsible for the expansion of the investment portfolio and asset management.

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    As Member of the Board of Commerz Real AG and Managing Director of Commerz Real Investment KVG, he was responsible for the real estate asset management of all real estate investment vehicles of the Group with a volume of € 14 billion. Among other things, he was particularly committed to value enhancement through project developments in the portfolio and to the establishment of partnerships for long-term investments with project developers. In addition, he managed a cumulative real estate transaction volume of approximately € 4 billion.

    Before joining Commerz Real, he managed the joint real estate portfolio of Commerzbank and Dresdner Bank during their integration in his role as Global Head of Corporate Real Estate Management. Prior to that, he worked as a strategy consultant and principal at The Boston Consulting Group GmbH for approximately eight years, focusing on real estate for leading banks, insurance companies and property managers.

    R. Holschuh is a certified engineer (Diplom-Ingenieur) for architecture and urban planning (RWTH Aachen University) with a Master of Architecture /USA (Pratt Institute) and a degree in real estate portfolio management (ebs). As a member of the German Executive Committee, he supports the work of the Urban Land Institute on a voluntary basis. He is also a Fellow of the Royal Institute of Chartered Surveyors.

Susan Winter

Susan Winter is the Managing Director of QUEST Funds GmbH and, as Chief Operating Officer, is responsible for portfolio management and the support of existing investors.

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    Susan Winter joins QUEST Funds from Luxembourg fund manager AviaRent (approx. EUR 1 bn AUM). AviaRent specializes in health care properties and furnished micro-apartments. From 2013 to 2017, in her capacity as Managing Partner of AviaRent Capital Management S.à r.l., she was in charge of fund structuring, fund management and investor relations. As a board member and Chief Investment Officer of AviaRent Invest AG, she was responsible for asset management and transaction management until 2018.

    Susan Winter started her career in 2007 at DTZ Corporate Finance in Frankfurt am Main. In 2018, she was voted one of the Top 25 Female Managers in Real Estate by ‘Immobilienmanager Verlag’.

    Susan Winter holds a degree in International Business Administration (Dipl.-Betriebswirtin FH) from Hochschule Rhein-Main and Real Estate Investment Management from the European Business School in Oestrich-Winkel. She is an honorary member of the Health Care Committee at the German Property Federation (ZIA), where she works to improve the public perception of professional investors in healthcare real estate. She also holds degrees as Institutional Sales Professional (Finanzanlagenfachfrau IHK) and as instructor for real estate professionals (Ausbilder für Immobilienkaufmann/-frau IHK).



The investment focus is on office properties with upside potential in central and highly frequented neighbourhoods of Germany’s top 4 cities: Berlin, Frankfurt, Hamburg and Munich. This is where QUEST sees opportunities for an increase in value through active management.

QUEST Funds GmbH offers in-house expertise in structuring, transactions, portfolio management and asset management and has access to QUEST Development for portfolio development. This combination enables it to match institutional, medium to long-term capital with the power of a project developer.

Together with QUEST, institutional investors can thus invest in customised structures with an attractive risk-return profile – be it funds, club deals or individual investments.


Investment structures


Investment strategies

Properties that allow for extensive renovation, repositioning and new letting at a significantly higher level.

Development of the optimal strategy, implementation of portfolio development and further densification if necessary.

Properties with an upcoming successive change of tenants and the need for renovation.

Development of a consistent strategy for the entire holding period, upgrading of defining elements, gradual realisation of the property’s potential.

Properties with long-term leases in currently undervalued locations, which achieve a value increase upon exit at the end of the term.

Stable cash flow, optimisation during the existing contract in consultation with the tenant, preparation for monetisation of the potential derived from the under-rented property on exit.


QUEST Funds Real Estate



Novella 7

The Graph


RAW Frankfurt

Neuer Wall 54


Echt Wedding




Port Faraday

Alexanderstrasse 1

Mommsen & Wieland

Grosse Theaterstrasse 1-4

Hotel Hohenzollern


Neue Burg 1

Bremer Carreé


Element B

Willy-Brandt-Straße 69

Cremon 1


Cremon 3

Kallmorgen Tower

Hohe Bleichen 8

Willy-Brandt-Straße 75


Emmler Lofts



Steindamm 94

TGZ München


Klaus-Bungert-Strasse 6

Westgate II