QUEST Investment Partners has sold the listed building at Hohe Bleichen 15 in Hamburg on behalf of the property’s holding company. The sale of the 680m² rental property to May & Co was recently completed in an off-market asset deal. The owners had acquired the building in 2011 and subsequently renovated and extended it in an elegant manner.
The classicist building, erected in 1859, stands as an architectural rarity in Hohe Bleichen. It is the last remaining structure of a cluster of former residential homes that lined the street in the 19th century. Aside from office spaces, the asset accommodates the Hamburg branch of the fashion designer Paul Smith. The building was sold with the rental area, which is spread over four floors, being fully let.
“The listed property in Hohe Bleichen shows that real estate in top locations in major German cities is in demand in all phases of the market”, said Luis Walther-Kraft, Chief Investment Officer of QUEST Investment Partners.