Pacific Eagle, a Singapore-based family office, advised by The KanAm Grund Group, has acquired the “Ludwig” building complex at Ludwigstrasse 21, a prestigious address in Munich. The purchase price was not disclosed.
The scheme encompasses three building units, including Ludwigstrasse 21, Theresienstrasse 4, 6, 8 and Theresienstrasse 10. The individual building components were thoroughly modernized in recent decades, and office spaces are flooded with light and equipped to a very high standard. The building complex behind the listed stone facade is 100% leased. The Boston Consulting Group occupies two-thirds of the approximately 27,000m² of office space and, together with Allianz (which leases about 19% of the property), is the main tenant in the building. Other tenants include Celonis and a patent attorney firm. The complex is easily accessible by private and public transport.
Ludwigstrasse, which was initiated by King Ludwig I at the beginning of the 19th century as the first grand avenue of the new Munich, is still the site of the Ludwig Maximilian University, the Bavarian State Library (Bayerische Staatsbibliothek) and Bavarian state ministries and, together with the Maximilianstrasse planned at a later date and the Prinzregentenstrasse laid out at the turn of the century, shapes the unique character of the Munich city centre as an aspiring international economic and cultural metropolis.