QUEST Investment Partners acquires residential and commercial building in Berlin Mitte

QUEST Investment Partners acquires residential and commercial building in Berlin Mitte 150 150 QUEST Investment Partners

QUEST Investment Partners acquires residential and commercial building in Berlin Mitte

Hamburg, 28 April 2020. The project devel­opers at QUEST Investment Partners have acquired a 7,000 m² office and residential building in Berlin Mitte. About 5,900 m² of the space are used for commercial purposes, of which 3,600 m² are occupied by a medical care centre. The multi-tenant property at Müller­straße 151 was built around 1900 and is almost fully let. The residential and commercial building is in good condition and consists of several building sections with 10 residential and 19 commercial units. The seller is a family office that was advised by ImmoMa GmbH. The parties agreed not to disclose the purchase price. Its popular location next to Leopold­platz offers excellent local public transport connec­tions as well as an abundance of cafés and restaurants.

A new pedes­trian footpath between Müller­straße and Schillerplatz
In cooper­ation with the archi­tec­tural office CSMM, the six-storey property will be reposi­tioned and redeveloped. There are plans to create new access points for flexible future rental units ranging from 300 to 1,200 m² per floor, along with an exquisite ambience on the ground floor and in the courtyards.
A new footpath will connect Müller­straße with Schiller­platz, inviting pedes­trians to stroll through the charming court­yards. This newly-created passageway is an important component of the redevel­opment. It will integrate the building ensemble into its surrounding urban network, creating a unique appearance through uncon­ven­tional shapes and materials and through its conscious inter­action with the historical buildings.

Hansa Partner Rommel & Meyer provided tax advice to the buyer during the trans­action; Jebens Mensching PartG mbB acted as legal advisor and Commerzbank as financing bank.

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.

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