Commerz Real and the European Central Bank (ECB) just signed a lease agreement concerning floor space at the Japan Center office tower in Frankfurt. Now the property, which has been held by the hausInvest open-ended real estate fund since 2002, is fully let. Japan Center will provide offices to ECB employees in charge of banking supervision until they will move to the refurbished Eurotower that is already occupied by the ECB.
“We are delighted that the ECB, with whom we have had an excellent cooperation for several years now, opted in favour of our hausInvest fund property Japan Center. It proves the sustaining high-end quality of this classic landmark building on Frankfurt’s skyline. The location and fitout of the property provide an excellent environment for setting up the banking supervision authority,” said Roland Holschuh, Member of the Management Board of Commerz Real and in charge of the real estate business.
Completed in 1996 and located in the heart of Frankfurt’s financial district, Japan Center has a gross lettable area of around 25,000 m². Another key tenant in the building is the management consultancy firm of McKinsey. In the latest transaction with ECB, Commerz Real received consulting support from Jones Lang LaSalle.
Source: Commerz Real