QUEST Investment Partners acquires “Fritz” building in Ludwigsvorstadt, its first property in Munich

QUEST Investment Partners acquires “Fritz” building in Ludwigsvorstadt, its first property in Munich 150 150 QUEST Investment Partners

QUEST Investment Partners acquires “Fritz” building in Ludwigsvorstadt, its first property in Munich

Hamburg, 12 March 2020. 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. The Fritz property is to undergo complete refur­bishment, with only the shell of the building remaining. Two new full floors will be added - the building permit has already been obtained -, as well as a roof terrace with a view over the city. Balconies, bay windows and a glass extension with terrace areas will fill the future courtyard with new life and light. The new façade with its large window fronts will allow for light-flooded rooms and lend the building at the street corner a distinctive appearance. Spread across eight floors, some 4,500 m² of office space will provide state-of-the-art technology and rooms three metres high for flexible use.
The revital­i­sation of the Fritz building – named after the street’s namesake Friedrich Schiller – will begin in mid-2020, letting activ­ities start these days. An added benefit for tenants and guests: there are 18 under­ground parking and outdoor parking spaces.

“We are delighted with our first property in Munich and remain convinced that the area around Schiller­straße will develop very positively,” says Jan Rouven Künzel, Managing Partner at QUEST Investment Partners. The pedes­trian zone in this bustling and inter­na­tional neigh­bourhood with its numerous hotels, residential buildings, retailers and grocery stores is to be extended to connect the central station with Stachus and Marien­platz. The southern part of Schiller­straße, which already features microflats and apartment blocks, will be signif­i­cantly upgraded by the planned campus for Earth and Environ­mental Sciences of Ludwig Maxim­ilian University.

QUEST Investment Partners acquired the multi tenant property in early 2019. In the trans­action, Deutsche Pfand­briefbank AG acted as financing bank, Cushman & Wakefield LLP as inter­me­diary broker, Hansa Partner Rommel & Meyer as tax adviser and Greenberg Traurig Germany, LLP as legal adviser.

About QUEST Investment Partners
Founded in 2016, QUEST Investment Partners is an investment and project devel­opment company with offices in Hamburg, Berlin 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.

FRITZ will be a distinctive, light-flooded building in Munich’s up-and-coming Ludwigsvorstadt district.
Visual­i­sation of the property: beyond visual arts

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