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Doughty Hanson Sells Maximilianhöfe for $350M

MUNICH-Quinlan Private acquires the fully leased flagship property, which stands between two historic buildings along Munich's Maximilianstrasse.

By Brian K. Miller | Updated on February 18, 2007

MUNICH-Doughty Hanson & Co. Real Estate, one of Europe’s largest fund managers has sold Maximilianhöfe for $350 million (euros 270 million). The two-building office and retail development sits on Munich’s famed Maximilianstrasse between the historic buildings of the Bavarian State Opera and the Kempinski Hotel Vier Jahreszeiten. The new owner for the fully leased three-year-old building is investment manager Quinlan Private.

Doughty Hanson acquired the site in March 2000 from the Free State of Bavaria. In partnership with a local developer it cleared the site and built two commercial buildings housing 215,280 sf of prime office and retail space as well as a build-to-suit rehearsal stage facility for the State Opera.

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