Tishman Speyer signs first leases at Frankfurt office tower under development

Tishman Speyer and joint venture partner Commerz Real have signed the first three lease transactions at the TaunusTurm project under construction in Frankfurt.

The lease agreements, totaling around 8,100 m2, involve HVB Gesellschaft für Gebäude und Beteiligungen, a wholly-owned subsidiary of HypoVereinsbank, which is taking 4,900 m2, international law firm King & Spalding with 1,600 m2 and Schroder Investment Management with another 1,600 m2.

The TaunusTurm, which is scheduled to open in January 2014, will be a 40-story 170-metre-high skyscraper, featuring 60,000 m2 of office space.

Designed by the Frankfurt firm of architects Gruber + Kleine-Kraneburg Architekten, the slender tower is expected to be the first new Frankfurt high-rise to boast international LEED Platinum certification. Following the MesseTurm and OpernTurm projects, the TaunusTurm is Tishman Speyer’s third high-rise development in Frankfurt/Main.

'Frankfurt is one of Europe's key financial centres and will remain so for years to come, with a growing need for high quality office space that is architecturally superior, flexible, efficient and sustainable,' said Michael Spies, Senior Managing Director and Head of Europe at Tishman Speyer.

He added: 'The TaunusTurm is intended to help meet that need, and our early success in attracting this first group of world-class tenants provides strong evidence that our development strategy is sound.'