Tishman Speyer to build data center campus in Frankfurt

Tishman Speyer has signed a definitive agreement with SAMSON AG to acquire a 75,000-square-meter (807,000-square-foot) prime location in Frankfurt for the development of a major new sustainable data center facility and urban industrial and logistics hub.

It will be Tishman Speyer's first industrial development in Europe, building on the strength of its portfolio in the United States. The all-new mixed-use campus will be located close to both the city's Central Business District and to one of Frankfurt's largest data center clusters.

Tishman Speyer has also signed an agreement with Mainova WebHouse GmbH, a subsidiary of the energy supplier Mainova AG and an experienced data center developer and operator, focused on the Frankfurt market, under which Mainova WebHouse has an option to become the firm's joint venture partner in this important project.

The firm has previously identified data centers as one of the most attractive sectors for the ongoing diversification