Signa starts renovations on the Alte Akademie in Munich – Property Magazine International

The city and the Signa Group were discussing details for a long time, but now the reconstruction of the Alte Akademie in the centre of Munich is finally underway. Completion of the project is scheduled for 2023. The duration of the construction phase is determined by the complexity of the process, due to the need to protect historical monuments. The work has to be carried out in individual steps, Alexander Cronauer, who is responsible for the Signa project development division in Munich, explained. Close cooperation between authorities, planners and contractors in the planning and construction phase is a key factor for the smooth handling of the work.

Spanning an area of over 21,000 square metres, the historic building complex will offer a mixture of retail space, restaurants, modern offices and attractive apartments. The office space, covering approximately 9,000 square metres, offers flexible options for innovative spatial solutions. Modern retail concepts will be arranged effectively on around 8,000 square metres. Here, the mix of tradition and innovation that is characteristic of Munich is developed anew.

In the initial phase, which will conclude by the end of 2020, parts inside the building that have been agreed with the preservation authorities will be dismantled, the complex construction logistics will be successively set up and the foundation will be upgraded under archaeological supervision, among other things with the aim of protecting a 15th-century ground monument. The shell structure will be dismantled next. At the same time, individual ceiling sections in the historical part of the Alte Akademie will also be dismantled and the roof truss and the existing windows renovated. With the completion of the shell work from the middle of 2022, the finishing work will begin until the handover to tenants in 2023.

The Alte Akademie is located in one of the most attractive areas in the heart of Munich and has a 130-metre-long front in the pedestrian zone. This former Jesuit College was originally built in the 16th century. It was acquired by Signa in the form of a 65-year leasehold in 2013. In coordination with the regional capital Munich, an international single-stage realisation competition was held, and the results were presented to the public in April of 2016.

The contract for the conversion was awarded to Basel-based architectural firm Morger Partner Architekten. The historical ensemble will be developed further in a harmonious and sensitive way. All faades will be renovated in accordance with preservation orders. Any interventions that may be necessary are based on the character of the existing architecture, which is over 400 years old.

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Signa starts renovations on the Alte Akademie in Munich - Property Magazine International