QUEST Investment Partners has acquired the historic Hindenburghaus property measuring 12,600m² from Allianz. Located in the Nikolaiviertel in downtown Hamburg, the seven-storey building at Großer Burstah 31 will be used for retail, office and residential purposes. The purchase price was not disclosed.
Built in 1909 by the architects Hiller & Kuhlmann as a luxury hotel, the First World War put an end to the plans for this magnificent project. From then on, Hanseatic merchants used the traditional Kontorhaus as an office, conducting their business from there. The building is unique in many ways: the luxurious sandstone façade, the wood-panelled entrance hall with elaborate carvings, stucco-ornamented ceilings, fine woods, decorative marble floors and the staircase - preserved over decades - where giant chandeliers accentuate the various Art Nouveau elements. The centrally located property is within walking distance of the town hall, the stock exchange, various bus stops and the underground and suburban railway stations Rödingsmarkt and Stadthausbrucke.
“We are always on the lookout for properties with a unique selling point. This office and commercial building is one of a kind — an architectural gem that harbours enormous potential,” explained Theja Geyer, Managing Partner at QUEST Investment Partners. The planned renovation aims to bring the original and distinctive character of this listed building back to the fore. Around 40% of the space is currently vacant due to ongoing refurbishment works.
