{"id":1004117880,"date":"2015-04-21T06:39:41","date_gmt":"2015-04-21T14:39:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004117880"},"modified":"2022-12-08T20:56:32","modified_gmt":"2022-12-09T04:56:32","slug":"international-tishman-speyer-secures-development-money-for-expansion-in-frankfurt","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-tishman-speyer-secures-development-money-for-expansion-in-frankfurt\/","title":{"rendered":"International: Tishman Speyer Secures Financing for Expansion in Frankfurt"},"content":{"rendered":"<p><i>By Adriana Pop, Associate Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Taunus-Turm-Office-Tower-in-Frankfurt2.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004117882\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-tishman-speyer-secures-development-money-for-expansion-in-frankfurt\/taunus-turm-office-tower-in-frankfurt2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Taunus-Turm-Office-Tower-in-Frankfurt2.jpg\" data-orig-size=\"452,313\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Taunus Turm Office Tower in Frankfurt2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Taunus-Turm-Office-Tower-in-Frankfurt2.jpg?w=452\" class=\"alignright size-medium wp-image-1004117882\" alt=\"Taunus Turm Office Tower in Frankfurt2\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Taunus-Turm-Office-Tower-in-Frankfurt2.jpg\" width=\"300\" height=\"207\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Taunus-Turm-Office-Tower-in-Frankfurt2.jpg 452w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Taunus-Turm-Office-Tower-in-Frankfurt2.jpg?resize=300,208 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a> <\/i><\/p>\n<p>North German lender HSH Nordbank is providing a credit facility in the amount of \u20ac228 million (approximately $241 million) to U.S.-based property developer and investor Tishman Speyer for the construction of a mixed-use high-rise in Frankfurt\u2019s financial district. The project is being developed on behalf of the company\u2019s real estate fund in Europe. <i><\/i><\/p>\n<p>The new building, which will be more than 574 feet tall, will be located in Grosse Gallusstrasse on a site measuring about 25,800 square feet (2,400 square meters). Construction is expected to start this year and be complete towards the end of 2018.<\/p>\n<p>Tishman Speyer\u2019s completed office projects in Frankfurt include the seven-story Deutsche Bank Campus building, the 40-storyTaunusTurm tower (<i>pictured<\/i>), the impressive 42-story OpernTurm high-rise, as well as the eight-story Junghof office complex, which is made up of two adjacent buildings.<\/p>\n<p>&#8220;The Frankfurt real estate market remains attractive to both German businesses and international investors. It is not least for this reason that we recently opened an office in Frankfurt&#8217;s financial district. We have a long-standing business relationship with Tishman Speyer, in the course of which a professional management team has repeatedly demonstrated its extensive expertise and in-depth knowledge, including with regard to the German commercial real estate market,&#8221; Peter Axmann, head of the Real Estate Clients division at HSH Nordbank, said in a news release.<\/p>\n<p>Based in New York, Tishman Speyer is one of the world\u2019s leading property owners, developers, operators and fund managers. Since it was founded more than three decades ago, it has acquired and developed 362 real estate projects totaling more than 129 million square feet of space. The company\u2019s global real estate portfolio is currently worth more than $68 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A North German lender is providing a credit facility to Tishman Speyer for the construction of a high-rise in Frankfurt\u2019s financial district. <\/p>\n","protected":false},"author":952,"featured_media":1004117882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,16,21783,21742,21747],"tags":[],"class_list":["post-1004117880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-international","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>International: Tishman Speyer Secures Financing for Expansion in Frankfurt - 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