- Mandate involves four properties with combined floor area of around 25,000 sqm
- First assets to be managed by HPM under the agreement include a centrally located mixed office/retail building in Hamburg and a property in Berlin
Hamburg, 1 July 2021 – HIH Property Management GmbH (HPM) has taken over the management of four office properties held in a fund portfolio managed by QUEST Funds. The mandate involves the property management of one asset each in Hamburg, Berlin, Munich and Frankfurt, the properties being held in an investment fund portfolio. The investment focus of QUEST Funds is on office real estate with value-added potential in central high-street locations with high footfall in major German cities.
The first property under HPM’s management on behalf of the new client since 1 June 2021 is a centrally located mixed office and retail building in Hamburg. In addition, HPM started managing a property in Berlin on 1 July 2021. Another office property of the same fund portfolio will be added before the end of 2021, this one located in Frankfurt, and a fourth office building in Munich in 2022 or later. The combined lettable area covers around 25,000 square metres.
Christian Kypke, member of the senior management of HPM, commented the collaboration: “We are happy to support QUEST Funds as our latest client and to fully capitalise on our proximity to the assets in these leading German cities.”
“We are happy to support QUEST Funds as our latest client and to fully capitalise on our proximity to the assets in these leading German cities.” Christian Kypke, Mitglied der Geschäftsleitung, HIH Property Management
