QUEST Investment Partners acquires Hinden­burghaus property in Hamburg

QUEST Investment Partners acquires Hinden­burghaus property in Hamburg 150 150 QUEST Investment Partners

QUEST Investment Partners acquires Hinden­burghaus property in Hamburg

Hamburg, 13 October 2020. QUEST Investment Partners has acquired the historic Hinden­burghaus property measuring 12,600 m² from Allianz. Located in the Nikolaiviertel in downtown Hamburg, the seven-storey building at Großer Burstah 31 will be used for retail, office and residential purposes.

“We are always on the lookout for properties with a unique selling point. This office and commercial building is one of a kind — an archi­tec­tural gem that harbours enormous potential,” explains Theja Geyer, Managing Partner at QUEST Investment Partners. The planned renovation aims to bring the original and distinctive character of this listed building back to the fore. Around 40 percent of the space is currently vacant due to ongoing refur­bishment works. Since September 2020, QUEST Investment Partners has been renting out an area of 500 m² to the pop-up bicycle store Concept Cycles.

A building with a rich history and noble interiors
Built in 1909 by the archi­tects Hiller & Kuhlmann as a luxury hotel, the First World War put an end to the plans for this magnif­icent project. From then on, Hanseatic merchants used the tradi­tional Kontorhaus as an office, conducting their business from there. The building is unique in many ways: the luxurious sandstone façade, the wood-panelled entrance hall with elaborate carvings, stucco-ornamented ceilings, fine woods, decorative marble floors and the staircase - preserved over decades - where giant chande­liers accen­tuate the various Art Nouveau elements. The centrally located property is within walking distance of the town hall, the stock exchange, various bus stops and the under­ground and suburban railway stations Rödings­markt and Stadthausbrücke.

CMS acted in an advisory capacity for the seller during the trans­action. QUEST Investment Partners was advised on legal matters by SNP Schlawien, on technical matters by Proper­tu­nities and on tax matters by Hansa Partner Rommel & Meyer. JLL acted as broker.

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.
www.quest-investment.com

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