It is located on the Wittelsbacherplatz (at number 4) but forms part of an ensemble with the buildings on the west side of the Odeonsplatz.
The palace was built in 1825–26 for Karl Anton Vogel, a manufacturer of gold and silver thread, to a plan by Franz Xaver Widmann and with façades by Leo von Klenze, who lived on the piano nobile for 25 years.
[1] Klenze had originally intended the site for the first Protestant church in Munich, but that was later built elsewhere by Johann Nepomuk Pertsch.
[2][3] The east front of the palace is at the head of a short unnamed street which branches off the Odeonsplatz, between the Odeon and the Palais Leuchtenberg, which Klenze had previously designed with identical exteriors, so that on that side the three form an ensemble.
After Prince Ludwig Ferdinand died in 1949, the cousins Hermann von Siemens and Ernst von Siemens, then chairman and CEO of their company, decided to buy it for the company's headquarters, as official seat of the management board and the supervisory board, and in 1957 finalized the sales contract with the prince's heirs.