European subsidiary of US financial services provider moving into the Omniturm
Robert W. Baird GmbH (Baird) has leased 1,300 square metres of office space in Frankfurt’s Omniturm. To date the European subsidiary of the US financial services provider Baird has had its business offices in Frankfurt’s K26 office tower at Neue Mainzer Straße 28. Baird is expected to move into its new offices in Germany’s first hybrid tower in December 2019.
Thus 77 per cent of the total of 44,200 square metres of office space in the 45-storey building have been leased, with a mere 10,300 square metres and eight storeys in the upper area still vacant. Only recently the German-Swedish private equity firm Triton Partners had leased approx. 5,100 square metres.
This is an outstanding tempo, and underlines the attractiveness of the property, thus also confirming our investment decision. We expect to conclude further lease agreement in the coming weeks.
Böhnlein, Global Head of Office and Industrial at Commerz Real
The Omniturm is scheduled for completion in the third quarter of 2019 and will then provide more than 54,000 square metres of leasable space for offices and condominiums, as well as restaurants and event locations. Commerz Real acquired the construction project in September 2018 for its open-ended real estate fund hausInvest from the project developer Tishman Speyer. The latter also mediated the latest lease agreement. Baird was advised by Colliers International.
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