Drees & Sommer Property Consultancy supports investor search for the German Theatre Munich

01.11.2004

The federal state capital Munich, represented by the municipal department, is, in the context of a Europe-wide procedure, looking for investors, operators or bidder consortiums wanting to maintain and operate the German Theatre Munich as qualitatively premium and internationally competitive theatre. DS-Consult - the experts of the Drees & Sommer Group for property consulting support the federal state capital Munich in their investor search.

Attractiveness of the German Theatre Munich results from the high profile location in the heart of the Munich inner city and its vast design options for use and form of the property complex open to the future investor. Potential interested parties have the option to purchase the 6000 square metre-property in excellent location.

Framework conditions placed by the federal state capital Munich are wide, offering investors/operators maximum tolerance in terms of economic and conceptual design. Permanent operation of the German Theatre Munich at the location Schwanthalerstraße is to be guaranteed for at least 25 years. Further requirements of operating the theatre are ca. 1.500 seats and at least six event series of "raised standard". For design and use of the property's adjacent buildings there are no requirements to be fulfilled. 

The federal state capital Munich offers interested operators and investors a clear task: the development of an operationally lasting and sustainable operation and use concept for the entire property complex integrating long-term theatre operation of the German Theatre Munich as compelling, legally secured main use satisfying framework conditions. This includes concepts for the use of premises and necessary investments/re-organisation measures as well as a financing concept.

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Nadja Lemke
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