JUVE: Capstone advises QUEST Invest­ment Partners on the sale of a portfo­lio of three office proper­ties to funds of Bayeri­sche Versorgungskammer

JUVE: Capstone advises QUEST Invest­ment Partners on the sale of a portfo­lio of three office proper­ties to funds of Bayeri­sche Versorgungskammer

QUEST Funds, together with Univer­sal-Invest­ment, has acqui­red four inner-city office proper­ties in Berlin, Hamburg, Frank­furt and Munich as part of an invest­ment for Bayeri­sche Versor­gungs­kam­mer (BVK). The property portfo­lio compri­ses some 25,000 m² and will be part of a fund managed by Univer­sal-Invest­ment with the title „Urban Office RE“. The proper­ties are core/­core-plus proper­ties in central locati­ons that were acqui­red by the QUEST Group in recent years and speci­fi­cally develo­ped to portfo­lio maturity. QUEST Funds acts as invest­ment and asset manager of the portfolio.

Capstone Legal advised on the sale of the three proper­ties in Berlin, Frank­furt and Munich:
The Berlin property is P88. Measu­ring 8,400 sqm, the property was built in 1965 and exten­si­vely renova­ted in 2010. It is fully let to the security company Securi­tas and the Bioscen­tia labora­tory. The complex inclu­des 101 parking spaces. The building at 88 Potsda­mer Straße is only a few minutes‘ walk from Potsda­mer Platz and the under­ground station Kurfürstenstraße.

In Frank­furt, the Hotel Hohen­zol­lern Office right next to the central station is part of the portfo­lio. The office and commer­cial property was reposi­tio­ned by QUEST’s project develo­p­ment division in recent years. The building, which is partly listed and dates back to 1910, offers 7,300 m² of total lettable space.

The property in Munich is Fritz, a QUEST project develo­p­ment. In the Ludwigs­vor­stadt district of Munich, the QUEST Group is revita­li­sing the office and commer­cial building at Schil­ler­straße 23a, south of the central station, which was built in 1973. Comple­tion is schedu­led for early 2022. Following its moder­ni­sa­tion and the addition of two full floors, the property will offer 4,500 m² of total lettable space and a new roof terrace. It will enter the BVK portfo­lio as part of a forward deal.

Link to the Juve article

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Stephanie.Loehrius@capstone-legal.com

Stepha­nie Löhrius
Lawyer

Stepha­nie Löhrius focuses on real estate transac­tions in the context of share deals as well as asset deals. In addition to corpo­rate law issues, she advises on all aspects of real estate law.

Educa­tion and career:

  • Lawyer at Capstone Legal since 2022
  • Previously worked as a lawyer at GSK Stock­mann in the Corporate/M&A depart­ment for several years
  • Lawyer at PwC Legal in the area of Corporate/M&A
  • Lawyer in the real estate and construc­tion law depart­ment at KSB INTAX, Hanover
  • Admit­ted to practise law in Germany (2013)
  • Postgra­duate studies at the German Univer­sity „Hochschule für Verwal­tung“ in Speyer
  • Trainee lawyer with the Higher Regio­nal Court Celle
  • Law studies at the Leibniz Univer­sity of Hanover
+49 40 537 97 68-63
Jana.Teewuwen@capstone-legal.com

Jana Teeuwen
Legal Assistant

Jana Teeuwen works as a legal assistant in all areas of real estate law. She specia­li­zes in commer­cial tenancy law, contract drafting and the develo­p­ment of legal tech products.

Short résumé:

  • Research Assistant at Capstone Legal since 2022
  • Legal clerkship at the District Court of Constance with stati­ons in Hamburg and Los Angeles
  • Research Assistant at the Univer­sity of Constance
  • Law studies, Univer­sity of Constance
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