KPMG, the international accounting and consulting firm, is expanding its current lease agreement for the Airrail Center Frankfurt by 6,000 m². The company had already leased 30,000 m² of the large-scale project at the airport in 2007.
Having rented over 36,000 m² KPMG, along with the Hilton group (2 hotels, 34,000 m²) is the anchor tenant in the property on the roof of the ICE railway station at the Frankfurt international airport. In addition to office tenants, a medical centre and numerous retail businesses and restaurants have opted for this location which is ideal in terms of transportation links. Occupancy now stands at over 58%.
Construction is proceeding according to plan and the 660-meter long and 65-meter wide building is continually growing. Completion is scheduled for the end of this year.
IVG Immobilien AG is one of Europe's largest real estate companies and manages assets of more than 20 billion in its IVG Investment, IVG Funds, IVG Development and IVG Caverns divisions.