QUEST Investment Partners has acquired the office and commercial building at Steindamm 72-86 in Hamburg. The building comprises 14,100m² of rental space and 144 car parking spaces. The seller is a joint venture between the London-based investment manager Tristan Capital Partners and the German real estate company Investa Real Estate. The parties agreed not to disclose the purchase price.
Built in 1973, the eleven-storey property received a complete refurbishment and an energy efficiency upgrade in 2014 and 2019. It is located in Hamburg’s St. Georg district, next to the 12,750m² office building Steindamm 94, which is also part of the QUEST portfolio.
“We are very convinced by the central location of this building within the public transportation network. Furthermore, we see this fully let office-asset as a strategic, long-term investment, which will profit from a significant increase of the neighbourhood", commented Luis Walther-Kraft, Head of Transactions & Partnering at QUEST Investment Partners. The main tenants at Steindamm 72-86 are the City of Hamburg and EOS.
