QUEST Investment Partners acquires office and commercial building at Rödingsmarkt

QUEST Investment Partners acquires office and commercial building at Rödingsmarkt 150 150 QUEST Investment Partners

QUEST Investment Partners acquires office and commercial building at Rödingsmarkt

Hamburg, 02 July 2019. With Rödings­markt 39 in Hamburg, the project devel­opers at QUEST Investment Partners have acquired a further office building in the “Hafenspange” area between the harbour and HafenCity. In this six-storey building with an area of around 5,200 m², the ground floor is used as retail space while some 1,300 m² are used as storage space in the basement. 96 per cent of the space is predom­i­nantly let on a short-term basis. The property further includes 30 car parking spaces.

QUEST Investment Partners acquired the building dating from the 1950s from a community of heirs as part of an asset deal. “We are pleased to have acquired another property in the “Hafenspange” area, at Rödings­markt 39. We are convinced that there will be more inter­esting devel­opment oppor­tu­nities here in the medium term,” says Theja Geyer, Managing Partner at QUEST Investment Partners.

With the ongoing devel­opment of HafenCity, the attrac­tiveness of the area around the Cremon peninsula is increasing. The centrally located Rödings­markt is just a short walk from the city centre and HafenCity and is excel­lently connected to the public transport systems with its under­ground station. The area also offers a variety of cafés and restau­rants within walking distance.

Angermann acted as broker for the trans­action, SNP Schlawien as legal advisor.

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 of major German cities. 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.

www.quest-investment.com

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