GERMANY - Doughty Hanson sells Maximilianhöfe for EUR 270m

Doughty Hanson & Co Real Estate, a European real estate fund manager, has sold Maximilianhöfe, a flagship property on Munich’s Maximilianstrasse, for €270m to Quinlan Private. The site was acquired in March 2000 from the Free State of Bavaria by Doughty Hanson as part of its real estate solutions programme. The site was cleared and redeveloped into 20,000 square metres of prime office and retail space and a build-to-suit rehearsal stage facility for the State Opera.