QUEST Investment Partners acquires first project in Frankfurt
Hamburg, 16 August 2018. The project development company QUEST Investment Partners has acquired Haus Hohenzollern in Frankfurt am Main, which was originally designed as a hotel in 1910. The seven-storey building is QUEST’s first property in Frankfurt and is located at Düsseldorfer Straße 1-7, right in the heart of the metropolis on the River Main. Around 7,200 m² of rentable space is available in this historical building.
The historical façade of the Hotel Hohenzollern office and commercial building with its diverse stylistic and structural elements is to be refurbished in line with the standards of monument preservation. On the inside, the vacant office and commercial spaces as well as the common areas will be renovated to achieve modern standards of technology. This will be accompanied by a complete restructuring of the ground floor zone, where open and generous access areas to the office spaces on the upper floors are envisaged.
The measures adopted by the City of Frankfurt for the establishment of new restaurant and retail spaces in the immediate vicinity of the building will further enhance the future appeal of this location.
QUEST Investment Partners acquired the building from Gateway Real Estate AG and was exclusively advised on the transaction by Cushman & Wakefield LLP and Jebens Mensching LLP.
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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