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.