{"id":14098,"date":"2019-01-21T16:51:52","date_gmt":"2019-01-21T15:51:52","guid":{"rendered":"https:\/\/www.quest-investment.com\/?p=14098"},"modified":"2020-03-06T16:53:35","modified_gmt":"2020-03-06T15:53:35","slug":"plans-for-new-luxury-hotel-near-lake-alster","status":"publish","type":"post","link":"https:\/\/www.quest-investment.com\/en\/plans-for-new-luxury-hotel-near-lake-alster\/","title":{"rendered":"Plans for new luxury hotel near Lake Alster"},"content":{"rendered":"

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Plans for new luxury hotel near Lake Alster<\/span>
\n<\/span><\/h2>

\"\" <\/div><\/div>[vc_column_text]Source: Abendblatt.de
\nImage: Marcelo Hernandez
\nArticle:\u00a0Ulrich Ga\u00dfdorf[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]The project developers at Quest focus on properties and plots of land in the city centre, one of which is located right next to Hamburg\u2019s \u201cHotel Vier Jahreszeiten\u201d.<\/strong><\/p>\n

Hamburg. The inconspicuous brick building is located on Gro\u00dfe Theaterstra\u00dfe<\/strong> \u2013 only a few metres from the Binnenalster<\/strong> and in the direct vicinity of Hamburg\u2019s \u201cHotel Vier Jahreszeiten\u201d<\/strong>. Theja Geyer and Jan Rouven K\u00fcnzel, Managing Partners at Quest, have a vision for this prime location: a luxury boutique hotel with around 100 rooms.<\/p>\n

The existing building is to be demolished and by 2021 this site will become home to a new seven-storey building with a white fa\u00e7ade and French balconies. \u201cThe location is perfectly suited for a hotel. In addition, the property is not a listed building, which means that demolition is possible. We are already talking to possible operators. There is great interest,\u201d said K\u00fcnzel in an interview with \u201cHamburger Abendblatt\u201d. The aim is to design an individual hotel that meets the highest standards and is an unparalleled feature of Hamburg\u2019s city centre.<\/p>\n

It\u2019s all about the location<\/strong>
\nThe two Quest managers are at their office on Hohe Bleichen. This is where business partners are welcomed into generous, light-flooded rooms. The two project developers founded the company in June 2016 together with lawyer Detlef Broszehl and ship owner Erck Rickmers, who is also chairman of the advisory board. They have since been on a shopping spree. The city centre and the old town are their hunting ground. One of the properties is the building on Gro\u00dfe Theaterstra\u00dfe: \u201cFor us, it\u2019s always about the location. We specialise in refurbishing or extending existing buildings, or even listed buildings. But, of course, we are also open to new construction projects,\u201d states K\u00fcnzel.<\/p>\n

These roads are under construction<\/strong>
\nCurrently this is the case at \u201cNeue Burg\u201d right next to St. Nikolai memorial. The building pit has already been excavated. Based on the plans of Hamburg architects St\u00f6lken Schmidt, an office building is to be created here by 2020. The property will comprise 6,500 square metres of gross floor area, including retail and restaurant facilities on the ground floor. In addition, Quest is also developing the \u201cCremon 1\u201d site: \u201cThe site is located in the heart of Hamburg\u2019s old town, close to the former harbour gate. In 1188, the development of the Port of Hamburg began in this historic place,\u201d says K\u00fcnzel. The new building was designed by the renowned Hamburg architects gmp Architekten Gerkan, Marg und Partner. Overlooking Nikolaifleet, offices as well as ten high-end rental apartments are to be built here by 2020. The adjacent office building from the 70s is also part of the project and has already been modernised.<\/p>\n

Driving along Baumwall in the direction of Landungsbr\u00fccken, a striking building at the street corner opposite the underground station catches your eye. We are talking about \u201c\u00dcberseehaus\u201d. Built in the early 1980s, it was acquired by Quest and Allianz last year: \u201cWe are modernising this building, creating a prestigious entrance area. We want to redesign the attic and optimise the use of space,\u201d states K\u00fcnzel.<\/p>\n

The two project developers have been working in the industry for 14 years. Most recently, when working at Art-Invest, they oversaw the revitalisation of the building complex of the former Vereins- und Westbank on Hamburg\u2019s Alter Wall. But the real estate experts \u201cwanted to do something of their own.\u201d \u201cWe found the right partners in Erck Rickmers and Detlev Broszehl. We take care of the operative business,\u201d says Geyer.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”2\/3″]

\"\" <\/div><\/div>[vc_column_text]A new building is being constructed on the street Neue Burg. There, an office building with areas for retail and catering on the ground floor is to be built. The design is by the Hamburg office St\u00f6len Schmidt Architekten.[\/vc_column_text][\/vc_column][vc_column width=”1\/3″]
\"\" <\/div><\/div>[vc_column_text]A luxury boutique hotel (l.) is to be built on the Gro\u00dfe Theaterstra\u00dfe, right next door is the Vier Jahreszeiten.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]
<\/div>[vc_column_text]20 employees are working for the project developers<\/strong>
\nQuest\u2019s total investment currently amounts to around 660 million euros. Since its foundation, the company has acquired 19 properties in Hamburg. Kallmorgen Tower on Willy-Brandt-Stra\u00dfe, a listed building dating back to 1968, is one of them. The provider Spaces has since turned the high-rise building into the city\u2019s largest co-working space. The portfolio also included the historical Kontorhaus building \u201cElbhof\u201d on Steinh\u00f6ft, which is being used as an office space. The properties usually change hands after revitalisation or construction is completed. The buyers include institutional investors such as pension funds or major private investors.<\/p>\n

20 employees are currently working for the project developers who have also opened an office in Berlin: \u201cOf course our heart is set on Hamburg and we are looking into further acquisition opportunities in central locations here. But the Berlin market is extremely interesting, as there are still some places that will develop positively in the coming years,\u201d says K\u00fcnzel. The properties in the German capital include the \u201cLenzhaus\u201d on Kurf\u00fcrstenstra\u00dfe, which was built in the 1920s. It is reminiscent of American high-rise buildings from that era.<\/p>\n

Geyer and K\u00fcnzel focus their project development \u201cexclusively on major German cities.\u201d This is why they also operate in Frankfurt am Main, where they acquired the former \u201cHotel Hohenzollern\u201d not far from the central station. The building from 1910 will be converted into an office building with retail and restaurant facilities. A new project is also due to be presented in Munich in the coming weeks.<\/p>\n

\u00a9 Hamburger Abendblatt 2019 \u2013 All rights reserved.[\/vc_column_text]

<\/div>[vc_column_text]Press release download as PDF<\/a><\/p>\n

Image:
\nPressimage 1 Download<\/a>
\nPressimage 2 Download<\/a>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The project developers at Quest focus on properties and plots of land in the city centre, one of which is located right next to Hamburg\u2019s \u201cHotel Vier Jahreszeiten\u201d.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109],"tags":[],"class_list":["post-14098","post","type-post","status-publish","format-standard","hentry","category-press-en"],"yoast_head":"\nPlans for new luxury hotel near Lake Alster - Quest Investment Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.quest-investment.com\/en\/plans-for-new-luxury-hotel-near-lake-alster\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plans for new luxury hotel near Lake Alster - 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