Singapore family office Pacific Eagle to buy €350m office in Munich

Pacific Eagle, a Singapore family office advised by the KanAm Grund group, has acquired the 27,000-square-meter (290,000-square-foot) Ludwig office building in Munich, Germany, for a price reported at €350 million ($387 million).

The building complex, whose listed stone facade ranges from neo-classical to Renaissance revival in style and is a characteristic feature of the traditional north-south axis from Odeonsplatz to the Siegestor, is 100 percent leased. Tenants include Allianz, Boston Consulting Group, Celonis, a Munich start-up which has grown to become a global software provider, and a patent attorney firm.

The “Ludwig” comprises three building units, including Ludwigstrasse 21 as well as Theresienstrasse 4, 6, 8 and 10. The buildings have been modernized to the latest standards over the past decades, and the bright office spaces are equipped to a high quality standard.

KanAm Grund Group acts as investment and asset manager for Pacific Eagle. Sinc