28. June 2023
Europaviertel
Frankfurt
CA Immo has signed a 12-year lease agreement with State Street Bank International GmbH for around 5,000 m² of rental space in the ONE office and hotel tower in Frankfurt. State Street is one of the world’s leading providers of financial services to institutional investors. With the conclusion of this lease agreement the approx. 190 metre high ONE is approx. 87 % let. The highrise was opened in September 2022. Colliers International acted as advisers on behalf of CA Immo and Cushman & Wakefield advised State Street on the conclusion of the lease.
Matthias Winkelhardt, Head of CA Immo Frankfurt: “A lease of this size is not something that can be taken for granted in the currently extremely challenging market environment. This long-term deal underlines all the more that we were able to place the right product on the market at the right time. The special features of ONE include, on the one hand, the campus concept with its diverse services for the tenants and, on the other hand, the consistent and innovative focus on the sustainable operation of both the building and the rental space.”
By August 2024, State Street is expected to concentrate its employees, who were previously spread across two locations in City West and Niederrad, in the high-rise building centrally located at the interface between Frankfurt’s banking district and the Europaviertel. It is planned to implement an open office concept with a mix of team offices, open space areas and places for informal communication.
As with all other office tenants of ONE, CA Immo has also concluded a so-called “Green Lease” with State Street. In this contract, both parties commit to far-reaching measures to ensure that the building and the office space are operated in a way that is as sustainable, resource- and environmentally friendly as possible, and to exchange consumption data in order to optimise energy consumption and the respective sustainability reports.
In addition to office space, the 190-meter-tall, mixed-use high-rise also houses a 4-star-superior hotel under the nhow brand, a coworking offering under the Spaces brand, and attractive public uses such as the Skybar, which is unique for Frankfurt, and a café in the lobby. The ONE is already triple platinum certified and is thus considered a pioneer for ESG-compliant, sustainable and digitized office properties. ONE was the first high-rise in Central Europe to achieve Smart Score certification in the highest Platinum category. ONE has also achieved the WiredScore certificate in Platinum as well as the pre-certificate of the German Sustainable Building Council (DGNB), also in Platinum.
