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Berlin Hyp finances office and commercial building DUKE in Berlin together with savings banks for QUEST Investment Partners with €45 million

02 August 2021

© Bild IMAGE Agency GmbH

Together with the Lüdenscheid and Hochfranken savings banks, Berlin Hyp is financing the office and commercial building DUKE in Berlin-Kreuzberg. The financing is for a term of five years and was placed with the new S-Group product “ImmoNachrang”. The total investment volume of the two savings banks amounts to €15 million.

QUEST Investment Partners is planning to gradually revitalise and optimise the property. The nine-storey multi-tenant property was built in 1999, has a rental area of approximately 7,600 square metres and is located in the heart of the historic newspaper district, not far from Checkpoint Charlie, Friedrichstrasse and the high-rise building of the Axel Springer publishing house.

Asset class
Office and commercial building
Client
QUEST Investment Partners
Type of financing
Syndication loan/ImmoNachrang
Financing volume
€ 45 million
Function of Berlin Hyp
Agent
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