DE IT
SNP Schlawien
LawyersTax Advisors

News

June 08, 2021
SNP Schlawien advises QUEST on the acquisition of a Berlin office and commercial building

Image

The commercial law firm SNP Schlawien advised the investment and project development company QUEST Investment Partners on the acquisition of an office and commercial building in Berlin Mitte as part of an off-market deal. The advice included both the due diligence review and the negotiation of the purchase agreement. The seller of the property is the owner of Saxx Hotel Group, Saxx Service Apartments and Krollmann Group. The parties agreed not to disclose the purchase price.

The seven-storey office and commercial building from 1996 at Alte Jakobstraße 83/84 in Berlin combines a rental area of around 5,350 m². Around 4,500 m² of this is flexibly configurable office space. The retail space on the ground floor is let long-term to a grocer. The main tenants of the almost fully let office space in the multi-tenant property are a publisher of comics and children's magazines and a digital marketing agency. There are 43 parking spaces available in the building's own underground car park.

SNP Schlawien has previously advised QUEST on various other real estate transactions in major German cities.

Advisors to QUEST Investment Partners
SNP Schlawien, Munich: Dr. Armin Fary (lead, M&A/Real Estate) and Sascha Sormann (Real Estate).


Press contact for this transaction

Image

Dr. Armin Fary, LL.M. Eur.
Attorney at Law
Certified commercial and corporate law attorney
Telephone: +49 89 28634-411
E-mail: armin.fary@snp-online.de

 

Photo of the property: Source: QUEST, Alte Jakobstraße Berlin / Copyright: Angermann Investment Advisory AG