Capstone Legal has advised the investment and project development company QUEST Investment Partners on the purchase of the office and commercial building at Steindamm 72-86 with 14,100 sqm of rental space and 144 car parking spaces in an off-market transaction. The seller is a joint venture of the London-based investment management company 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 underwent complete refurbishment and an energy-efficiency upgrade in 2014 and 2019. It is located in the St. Georg district, next to the Steindamm 94 office building, which also belongs to the QUEST portfolio and comprises 12,750 sqm of space. The main tenants at Steindamm 72-86 are the City of Hamburg and EOS.