QUEST Investment Partners has acquired the commercial and residential building Friedrich-Ebert-Anlage 54 in Frankfurt am Main from MEAG. Built in 2002, the property enjoys an excellent location between the Central Business District and the sought-after Westend area and comprises circa 3,800m² of lettable office space. The building includes 29 underground parking spaces. When the current main tenant moves out in July 2022, QUEST intends to give this building with its striking architecture a visual upgrade and to reposition the office spaces. The layout allows for flexible use, with 570m² per floor. Be it as a multi-tenant or single-tenant property: the spaces are suitable for individual, double or open-plan offices. The purchase price was not disclosed.
“The property blends into the course of the road like a triangle and offers not only a fascinating architecture and a superb location but also an exquisite view of Frankfurt's skyline, the park opposite and the trade fairgrounds. It is a perfect match for our Frankfurt portfolio with extraordinary properties such as the former “office pyramid” building of Deutsche Bahn, Hotel Hohenzollern at the central station and the new Kreisler building", said Luis Walther-Kraft, Head of Transactions & Partnering at QUEST Investment Partners.
“As an asset manager for insurance companies, we focus our capital investments on properties of excellent quality in prime locations. This allows us to make good use of our options at any time. We congratulate QUEST Investment Partners on a unique property with great potential. We would like to thank them for the excellent cooperation and wish the new owners lots of success for the future", commented Katrin Hupfauer, Head of Real Estate Transactions at MEAG.
