Tishman Speyer along with joint venture partner Commerz Real AG, announced the completion of the first three lease transactions at the TaunusTurm project under construction in Frankfurt. The leases total approximately 8,100 sqm.
HVB Gesellschaft fĆ¼r GebƤude und Beteiligungen, a sister company of HVB Immobilien AG and a wholly-owned subsidiary of HypoVereinsbank, has signed a long-term rental agreement for three floors totaling 4,900 sqm. The company plans to relocate from its current offices at āAn der Welleā to the TaunusTurm in early 2014. NAI Apollo acted as the agent for HVB.
International law firm King & Spalding LLP will lease approximately 1,600 sqm. The firm will relocate in early 2014 from Taunusanlage 1 to TaunusTurm. Cushman & Wakefield acted as agent for King & Spalding.
Schroder Investment Management will also lease approximately 1,600 sqm, establishing its office at the property by mid-2014. NAI Apollo acted as the agent for Schroder Investment Management.
The TaunusTurm, which is scheduled to open in January 2014, will be a 40-story, 170-meter skyscraper, featuring 60,000 sqm of office space. Designed by the Frankfurt firm of architects Gruber + Kleine-Kraneburg Architekten, the slender tower with its 13-meter high entrance lobby and light natural stone facade is expected to be the first new Frankfurt high-rise to boast international LEED Platinum certification.
