Germany / Deutschland: Tishman enters data center market with plans for Frankfurt facility

US real estate firm Tishman Speyer is entering the data center market with plans for a campus in Frankfurt, Germany and has acquired a 75,000 sqm site in the Osthafen area of Frankfurt am Main in order to develop a data center. The property, located close to a number of Digital Realty facilities, was acquired from industrial automation firm Samson AG, which is relocating to Offenbach. 

Dominic Deller, CFO of Samson, said: “The sale of this second major part of our historic site in Frankfurt is another important milestone in the transformation of our company. We are pleased that the site was sold to a long-established Frankfurt company that will be working closely with the city of Frankfurt to retain jobs in Frankfurt's East Harbor district by investing in future technologies that are essential for the digitalization of the German economy."

Florian Reiff, managing director of Tishman Speyer’s business in Germany, added: “The successful outcome of our discussions with Samson for the future of this exceptional site opens the way for this major new development of a highly sustainable data center and light industrial campus. I'd like to thank our partners at Samson for sharing our vision for this important project in a prime urban setting in support of Frankfurt’s continued vibrancy."