Quest buys office building in Frankfurt’s banking district

Quest buys office building in Frankfurt’s banking district

Quest Investment Partners has acquired another property in Frankfurt am Main, following the acquisition of the building at Friedrich-Ebert-Anlage 54 last month.

Quest Investment Partners has acquired an office building at Mainzer Landstraße 41-45 in Frankfurt’s banking district from a French institutional investor.

The company sold the nine-storey building with over 7,000 m2 of office space and 29 underground parking spaces as an asset deal via its local management partner IC Asset Management. The purchase price was not disclosed.

Constructed in 1998 and modernised in 2009, this building comes with a particularly attractive feature: every floor includes a balcony or a terrace with spectacular views of Frankfurt’s skyline. Thanks to the flexible layouts, the spaces can be used both as traditional cubicle and open plan offices.

Luis Walther-Kraft, Head of Transactions & Partnering at Quest Investment Partners, explains: “We plan to further upgrade the good building structure through an active management approach in the coming years. The current vacancy rate of approximately 50 percent of the rental space allows for an immediate repositioning of the property. First talks with prospective tenants are already underway.” 

Quest said thanks to its central location, the property is well-connected to all transport routes: the central station and the S-Bahn stop Taunusanlage are only a few minutes’ walk away; the international airport and the A5 and A66 motorways can be reached easily.