Tishman Speyer, one of the world’s leading real estate developers and owners, along with joint venture partner Commerz Real AG, today announced that J.P.Morgan has signed a lease for five floors at the TaunusTurm project under construction in Frankfurt. The agreement with the global financial services firm is the latest in a series of leases signed with world-class tenants. The latest lease totals approximately 8,000 m².
In addition, Frankfurt’s MMK Museum of Modern Art announced this week that it will establish a branch at the TaunusTurm, bringing a portion of its large collection to the heart of the city’s famous banking district, starting in mid-2014. Along with the exhibition area, the museum space will include a bookshop and café.
The TaunusTurm, which is scheduled to open in January 2014, will be a 40-story 170-meter high skyscraper, featuring 60,000 m² 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 will be the first new Frankfurt high-rise to boast international LEED Platinum certification. Following the successful MesseTurm and OpernTurm projects, the TaunusTurm is Tishman Speyer’s third high-rise development in Frankfurt/Main.
The construction of the TaunusTurm will considerably enhance the green belt that follows the lines of the city’s former outer fortifications. Part of the site will be used to extend the park, and to provide access by means of a promenade extending along the entire line of the ensemble. Publicly accessible spaces will enhance the area and provide further enhancement, for example in the form of hospitality outlets on the ground floor, a restaurant for staff and guests, and a business club with conference space. In addition to the TaunusTurm, Tishman Speyer is developing a residential tower whose entrance will likewise face the park.
Previously-announced tenants at the TaunusTurm include HVB Gesellschaft für Gebäude und Beteiligungen, a sister company of HVB Immobilien AG and a wholly-owned subsidiary of HypoVereinsbank; international law firms King & Spalding LLP and Norton Rose Fulbright; and Schroder Investment Management.
Source: Rubenstein Communications