Berlin: Quest buys Emmler Lofts in Kreuzberg
Quest Investment Partners has acquired an office and retail building in Berlin-Kreuzberg as part of a share deal. The so-called Emmler Lofts on Kottbusser Damm 25-26 have about 5,000 sqm office and retail space and are to be repositioned architecturally, a release states. Main tenant is Woolworth, who opened its first store in Berlin at that location in 1928. In total, the former factory building is 88 % leased. Seller of the Emmler Lofts is Fortis Real Estate Investment, who was advised exclusively by Catella Property. Colliers International and SNP Schlawien also consulted on the deal.
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