QUEST Investment Partners has acquired the distinctive office building at Mainzer Landstraße 41-45 in Frankfurt, Germany. The seller of the property is a French institutional investor. The company sold the nine-storey building with over 7,000m² of office space and 29 underground parking spaces as an asset deal via its local management partner IC Asset Management. Constructed in 1998 and modernised in 2009, this building comes with a particularly attractive feature: every floor includes a balcony or a terrace with spectacular views of Frankfurt’s skyline. Thanks to the flexible layouts, the spaces can be used both as traditional cubicles and open-plan offices.
Luis Walther-Kraft, Head of Transactions & Partnering at QUEST Investment Partners, said: “We plan to further upgrade the good building structure through an active management approach in the coming years. The current vacancy rate of approximately 50% of the rental space allows for immediate repositioning of the property. First talks with prospective tenants are already underway."
The property is well-connected to all transport routes: the central station and the S-Bahn stop Taunusanlage are only a few minutes' walk away; the international airport and the A5 and A66 motorways can be reached easily.