CMS advised Allianz Real Estate GmbH on the transaction.
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.
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.
CMS included Dr Volker Zerr (Picture), Lead Partner, Aylin Kocak, Senior Associate, Dr Elena Mackh, Senior Associate, Sandra Scheib, Senior Associate, Jacqueline Terhöven, Senior Associate, all Real Estate & Public.
Law Firms: CMS Hasche Sigle;
Clients: Allianz Real Estate;