Lorenzistock, Alter Hof
Munich

The Lorenzistock is located in Munich’s old city and is characterised by its prime location between Maximilianstraße and Marienplatz, prominent tenants and its architecture, which is harmoniously integrated into the cityscape. The Lorenzistock is part of the former imperial residence Alter Hof. Acquired by Pembroke in 2010.

From imperial residence to a modern commercial ensemble
The Lorenzistock is located in the historic city centre between Dienerstraße and the Hofgraben, directly adjacent to the Dallmayr-Haus. The 7,900 sqm, five-storey building was extensively restored and extended by Bayerische Hausbau from April 2004 to September 2006. The historic ensemble Alter Hof, with a total area of 20,000 sqm, comprises the Lorenzistock, the Pfisterstock, the Brunnenstock, the Burgstock and the Zwingerstock. From the thirteenth to the fifteenth centuries, the Alter Hof was the royal residence of the Wittelsbach family.

The Lorenzistock itself was built between 1816 and 1819 as the directorate general of customs to replace the St. Lorenz chapel dating from 1224. The building suffered serious war damage in the Second World War and in 2006, under the supervision of Cologne architect Professor Peter Kulka, a new design revitalized the historic nature of the building. The design emphasised a clear distinction between the old and the new parts of the building: the existing cross-vault was, for example, exposed and a generous two-storey entrance area was created. The result is an attractive office and commercial building which has established itself as a landmark building in Munich since completion in 2006.

 
Tenant structure and micro-location
The usable space of the Lorenzistock can be flexibly partitioned and comprises 47 percent office, 34 percent medical practice, 17 percent retail and two percent storage space. The shop space in the passage from Marienhof to Zwingerhof was let to the department store Manufactum in 2006, which was awarded the title “Store of the Year” in 2007 for its sustainable shop construction and concept of “good old things” by the Federation of German Retailers.
 
The location at the heart of Munich with the surrounding prime retail streets of Maximilianstraße, Theatinerstraße, Dienerstraße, Weinstraße, Kaufinger­straße and Neuhauser Straße guarantees numerous shopping opportunities and high pedestrian traffic. The purchasing power of this micro-location is one of the highest in Europe.
 
This is the first acquisition in Germany for Pembroke and its affiliates.
Highlights
Size
7,900 sqm / 85,800 sf
Features
5 storeys of office and retail space
Prime retail tenant, the department store Manufactum
Extensively restored and extended in 2006
New mansard roof structure provides office space on upper floors with full height glazed roof panels
Front section ground floor clear heights of 4m and 1.58m to 3.45m historically preserved vaulted ceiling area to the rear
Office floors provide clear heights of between 3.58m and 2.75m
Part suspended ceilings on office floors with carpeted hollow core raised floors
Located in the catchment area of the U-Bahn and S-Bahn station Marienplatz, the U-Bahn station Odeonsplatz and tramline 19
20 underground parking spaces
Sufficient public parking