Spain's property major Metrovacesa has acquired the Access Tower in Frankfurt-Niederrad, Germany, for an undisclosed amount. The 20-storey office tower was sold by US investor Tishman Speyer. The building provides some 20,500 m[sup]2[/sup] of space and in late 2006 achieved full lease when about 7,000 m[sup]2[/sup] was let to Marsh and Mercer Human Resource Consulting. Other tenants in the tower include Lufthansa, BMC Software und Euro Conex.
Spain's property major Metrovacesa has acquired the Access Tower in Frankfurt-Niederrad, Germany, for an undisclosed amount. The 20-storey office tower was sold by US investor Tishman Speyer. The building provides some 20,500 m2 of space and in late 2006 achieved full lease when about 7,000 m2 was let to Marsh and Mercer Human Resource Consulting. Other tenants in the tower include Lufthansa, BMC Software und Euro Conex.
Tishman Speyer is a global leader, owning, developing, and operating first-class properties. Since its foundation in 1978, the company has acquired or developed a portfolio comprising 10.2 million m2 valued in excess of EUR 35 bn. Tishman Speyer has been active in Germany since 1988 when it began development of the MesseTurm, a 60-storey skyscraper which became Europe's tallest building and a symbol for Frankfurt. Since then, the firm has acquired or developed approximately EUR 4 bn of property in the five major cities in Germany and over EUR 9.5 bn across Europe.
Madrid-based Metrovacesa was established in Spain in 1918. The company is listed on the IBEX 35 stock market index.
