Press release Purchase Maximilian-straße Munich
23.04.2024 • 3 Reading Time
In the framework of an individual mandate Commerz Real has acquired an ensemble comprising office and commercial buildings at Maximilianstrasse 12-14 and Falkenturmstrasse 5-7 in Munich’s historic centre for a private investor. The seller is a subsidiary of the project developer Centrum. It was agreed that confidentiality be maintained regarding the purchase price.
The current environment and the swift action taken by all the participants mean we have been able to acquire a rare gem on Munich’s property market for our client.
The complex on a plot covering nearly 1,600 square metres and with rental space of approx. 6,100 square metres was erected in 1867 and is a listed building. The ground floor and the first floor of the building on Maximilianstrasse houses well-known brands such as Louis Vuitton (Hublot and Fendi), Montblanc and Swatch (Blancpain). Offices are located on the remaining floors. Located in the building at the rear on Falkenturmstrasse are a hotel and two residential units. Among the attractions in the immediate vicinity are Marienplatz, Munich’s main square, the Bavarian State Opera, and the Kempinski Hotel “Vier Jahreszeiten”.
About Commerz Real
Commerz Real is the asset manager for tangible asset investments of the Commerzbank Group and has 52 years of international experience in the market. More than 800 employees manage assets worth around 35,5 Billion Euro billion euros at the headquarters in Wiesbaden as well as at 17 other locations and branches in Germany and abroad.
Media contact
Commerz Real and real estate