TISHMAN SPEYER TO BUILD MAJOR DATA CENTER CAMPUS IN FRANKFURT AS AI DRIVES DEMAND FOR SIGNIFICANTLY INCREASED COMPUTING POWER
FRANKFURT, Germany, May 13, 2024 /PRNewswire/ -- Tishman Speyer ("Tishman Speyer" or "the firm"), one of the world's leading international developers, owners, operators and asset managers of prime real estate, announces the signing of a definitive agreement with SAMSON AG to acquire a 75,000 sqm prime location in Frankfurt for the development of a major new sustainable data center facility and urban industrial and logistics hub. This 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.
- 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.
- Rob Speyer, CEO of Tishman Speyer said: "We're excited to partner with Mainova WebHouse as we enter the data center space.
- This project aims to bring new capacity online just as the computing power requirements of AI need it most.
- Tishman Speyer's investment in this landmark data center campus project will be made by its European TSEV IX value-add fund.