QUEST Investment Partners has acquired another property in Berlin. Located at Markgrafenstraße 62/63, the nine-story office and commercial building dates back to 1999 and comprises some 7,600m² of lettable space. The scheme benefits from 42 parking spaces. The multi-tenant building is fully let and accommodates ten tenants, including Forschungszentrum Julich which occupies the largest share of the available area. The sellers of the building are two family offices from southern Germany. The parties agreed not to disclose the purchase price. QUEST plans to refurbish the property over the coming years. The property enjoys close proximity to Checkpoint Charlie, Friedrichstraße and Gendarmenmarkt and is easily accessible by public and private transport.
“The DUKE property is located at Markgrafenstraße 62/63 in Berlin’s Zeitungsviertel, one of the most dynamic submarkets in Berlin. The neighbourhood is popular amongst many companies, associations and ministries that value the blend of the old and new economy here”, said Jan Rouven Kunzel, managing partner at QUEST Investment Partners.