QUEST Investment Partners acquires further property on Hamburg’s harbour front between the city centre and Speich­er­stadt

QUEST Investment Partners acquires further property on Hamburg’s harbour front between the city centre and Speich­er­stadt 150 150 QUEST Investment Partners

QUEST Investment Partners acquires further property on Hamburg’s harbour front between the city centre and Speich­er­stadt

Hamburg, 18 July 2017. The Hamburg-based real estate project devel­opment company QUEST Investment Partners has acquired the office and commercial building at Willy-Brandt-Straße 69. The central location near Rödings­markt is situated in the periphery of Hamburg’s harbour – an area that connects the city centre with HafenCity. The property overlooks the Elbphil­har­monie and the buildings of the Cremon peninsula and is flanked by the historical Nikolai­fleet at the back.

The rental space of approx­i­mately 4,687 m² is fully let, the main tenant being Holcim AG. Due to the continuing decrease of the vacancy rate, the pressure on rental prices within Wallring is steadily rising. This is why Willy-Brandt-Straße 69 is yet another place that boasts tremendous potential. “We are convinced that the positive devel­opment of the harbour periphery between the city centre and Speich­er­stadt will continue in the coming years and that we will be able to leverage the potential of this property in the long term,” states J. Rouven Künzel, Managing Partner at QUEST Investment Partners.

With the most recently acquired office building, the portfolio of QUEST Investment Partners now includes three properties along Hamburg’s Willy-Brandt-Straße.

The financing for this trans­action was provided by pbb Deutsche Pfand­briefbank AG. The Hamburg-based investment team at Angermann acted as a broker for the acqui­sition of the building from the DWI Group.

About QUEST Investment Partners

QUEST Investment Partners is a real estate project devel­opment and investment company with offices in Hamburg and Berlin. QUEST focuses on invest­ments in commercial and residential properties with upside potential in top locations in Hamburg and Berlin. In retail devel­op­ments the focus is on good inner-city locations in German metro­politan regions. The QUEST team has extensive experience in the devel­opment of high-quality real estate projects and contin­u­ously aims at increasing the real estate values of its share­holders and investors. QUEST’s share­holders are the managing directors Theja Geyer and Jan Rouven Künzel as well as the investment holding company of the Hamburg entre­preneur Erck Rickmers who is invested in real estate, equity invest­ments and shipping.

 

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