QUEST moves into new market segment with residential properties

QUEST moves into new market segment with residential properties 150 150 QUEST Investment Partners

QUEST moves into new market segment with residential properties

  • Acqui­sition of two old buildings in Berlin-Charlot­tenburg with 59 units
  • Residential spaces from 64 to 286 m².

Hamburg, Berlin, 22 November 2018. The project devel­opment company QUEST Investment Partners is expanding its portfolio: in Berlin-Charlot­tenburg, the company made its first acqui­sition of two residential properties from the turn of the century, spanning some 7,900 m². Both of these buildings have been or will be refur­bished to a high standard and cater to a wide range of require­ments thanks to different apartment sizes. “We are delighted to have acquired these two residential properties, which allow us to tap into a further use class and offer an impressive building quality,” says Theja Geyer, Managing Partner at QUEST Investment Partners.

Mommsen & Wieland – Modern luxuries close to Kurfürstendamm
The inter­con­nected building at Mommsen­straße 60 / Wieland­straße 15 in Berlin-Charlot­tenburg dates back to 1905 and features 24 units ranging from 64 to 286 m² across six floors. Over the past two years, this vacant old building with 4,480 m² of usable floor space was fully renovated to a high standard, with an additional loft conversion and the instal­lation of new lifts. The property bearing the name Mommsen & Wieland embodies the latest luxuries: premium oak parquet flooring, high ornamented stucco ceilings, generous double wing doors and light-flooded rooms make for an elegant atmos­phere. An archi­tec­tural highlight is the refur­bished historical lift car from the Gründerzeit era in the building section on Wieland­straße. The apart­ments will soon be sold on an individual basis.

Where old meets new – Leibnizs­traße 43 / Niebuhrstraße 69 
Similar to Mommsen & Wieland, the 35 apart­ments on Leibnizs­traße will be completely refur­bished and then sold individ­ually. The devel­opment of the property, which dates back to 1900, is scheduled to begin next year. The apart­ments range from 85 to 230 m², on a total usable floor space of 3,500 m². Added to this are 170 m² of commercial space on the ground floor. Here, too, a charming blend of old and modern elements promises comfortable living in a popular residential area with many cafés, restau­rants and boutiques. The maisonette apart­ments that are being developed feature exclusive roof terraces and exemplify the archi­tec­tural dialogue between modernity and tradition. 

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. www.quest-investment.com

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