Global Leasing Momentum Continues as Tishman Speyer Signs Large Renewal at Munich Office Property | Announcements | Tishman Speyer

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Global Leasing Momentum Continues as Tishman Speyer Signs Large Renewal at Munich Office Property

Munich, Germany November 16, 2010

Leases Also Announced at Frankfurt’s OpernTurm Project, Now Exceeding 95 Percent Occupancy

Tishman Speyer announced today that Serviceplan, Germany’s largest privately owned marketing agency, has signed an early renewal of its 175,665-square-foot (16,319-square-meter) lease at the firm’s Brienner Strasse property, extending its occupancy to January 2021. The agency, which fills virtually the entire complex, has been a tenant since 2000.

Tishman Speyer also has completed six new leases totaling 72,000 square feet (6,700 square meters) at its OpernTurm project in Frankfurt. The management consultant Roland Berger has signed a 24,000-square-foot lease, global business solutions provider Infosys has taken another 15,000 square feet, and international law firm Bingham McCutchen has leased 8,000 square feet. Altogether, new leases bring the successful development’s occupancy to over 95 percent.

“Today’s announcement illustrates a continuation of leasing momentum that has been building at Tishman Speyer office properties around the world. During the past 12 months, we’ve signed many large long-term lease transactions throughout our portfolio, not just in the German markets, but also in cities such as New York; Chicago; Washington, D.C.; Atlanta; Paris; Rio de Janeiro; São Paulo; and Hyderabad. We are pleased that our strategy of targeting world-class corporations for the well-located, high-quality properties we’ve acquired and developed has been so successful. The agreement with Serviceplan, one of Germany’s finest marketing firms, further illustrates that success,” commented Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer.

Located in the center of Munich and comprised of three connected buildings, Brienner Strasse includes first-class office space, residential units, an underground parking garage and surface parking in the building’s courtyard. The buildings were constructed at various times starting in 1930, and all were fully refurbished and modernized during the past decade. The property is easily accessible by private and public transportation, with Munich’s main train station and several subway stations close at hand.

Tishman Speyer’s OpernTurm development was completed in 2009 and has been a dramatic addition to the Frankfurt skyline. The project includes a 42-story tower, a seven-story podium building and an underground garage. Situated on Opernplatz, opposite the famous Alte Oper, OpernTurm is regarded as the premier office address in Frankfurt. The property features magnificent views of the city skyline and offers outstanding on-site amenities. It was one of Europe’s first new office high-rise developments to receive LEED® Gold certification.

About Tishman Speyer (www.tishmanspeyer.com)

Tishman Speyer is one of the leading developers, owners, operators and asset managers of first-class real estate worldwide. Active across North America, Europe, South America and Asia, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs. Since its founding in 1978, the firm has acquired, developed and/or managed a portfolio of over 116 million square feet valued at over US$50.2 billion. Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm, and São Paulo’s Torre Norte. Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.