Stuttgart – Allianz Real Estate GmbH has sold Hindenburg House, a residential and commercial building in Hamburg’s Old Town, to Quest Investment Partners, an investment and project development company. The property offers around 12,000 square metres of rental space and is located in the centre of the city’s banking district. Details of the transaction were not disclosed.
A CMS team headed by lead partner Dr Volker Zerr advised Allianz Real Estate on all legal aspects of the transaction. CMS regularly advises Allianz on property transactions, most recently on the acquisition of the Bertelsmann headquarters building in Munich.
Allianz Real Estate is the Allianz Group’s in-house real estate and asset manager. The firm develops and manages investment solutions for the Allianz Group. Allianz Real Estate describes itself as the largest real estate investor in the world, with assets under management of EUR 73.6 billion.
Established in 2016, Quest Investment Partners is an investment and development company with offices in Hamburg, Berlin, Munich and Frankfurt. Quest focuses on investment in commercial real estate in German cities and the Benelux countries.
Dr Volker Zerr, Lead Partner
Aylin Kocak, Senior Associate
Dr Elena Mackh, Senior Associate
Sandra Scheib, Senior Associate
Jacqueline Terhöven, Senior Associate, all Real Estate & Public