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.