CA Immo has signed an 11-year lease with tax consultancy WTS for around 4,900 m² of rental space in Frankfurt’s One high-rise project. The company is expected to move its Frankfurt headquarters to One in autumn 2023.
The approximately 190-metre-high One at Brüsseler Strasse 1-3 is currently being built in a central location at the interface of Frankfurt’s banking and European districts. With the signing of this lease, the One is already around 72% let before completion. Knight Frank acted as advisor to WTS and Colliers International acted as advisor to CA Immo.
“With WTS, another top international company that was previously based in the traditional banking district has opted for One. The Europaviertel, in particular the location of One, at the intersection of the banking district and the trade fair, has establish itself as another preferred business location. Of course, the modern and flexible utilisation, space and service concept of the One also contributes to this. Moreover, our focus on ESG-compliant development and sustainable, resource-saving operation is also increasingly in demand, especially from large, internationally active companies,” says Matthias Winkelhardt, Head of CA Immo Frankfurt.
The central urban city centre location and the „vertical“ campus concept featuring a wide range of offers and services for tenants have consistently been decisive criteria in the conclusion of leases to date. Among the office tenants so far are the consulting firm Baker Tilly [we reported], the international game developer Cloud Imperium Games Ltd [we reported], the Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) [we reported], Krongaard GmbH, and co-working provider Spaces [we reported]. Many of these companies are relocating their headquarters from the classic Frankfurt banking district to the prosperous location of One. WTS will move from MainBuilding to One.
“WTS is a prospering company and therefore we were looking for new office space in a central location in Frankfurt. We were immediately impressed by One’s innovative overall concept and in particular the idea of a vertical campus with a wide range of facilities that benefit both us as a company and our employees. For us, an essential aspect of a lease is also the efficient and sustainable operation of the building and our rental space. We see ourselves as having a social responsibility in this respect, which is why we were particularly impressed by the sustainability of One and were very happy to agree a „green“ lease with CA Immo,” comments Michael Horn, Head of Controlling and Real Estate Management at WTS.
WTS and CA Immo agree on far-reaching sustainability measures
Both WTS and all other office tenants of the One have also signed what are known as „green leases“. This agreement stipulates that both contractual partners commit to far-reaching measures designed to ensure that both the building and the office space are operated in a manner that is as sustainable, resource friendly and environmentally friendly as possible. This includes arrangements regarding renewable energy (power/heating), creating incentives for taking public transport; using resource-saving and environmentally friendly materials when fitting out the leased area and more. Special focus is also placed on the on-going and transparent monitoring of energy demand through the use of smart meters. CA Immo analyses each tenant’s individual energy consumption, prepares corresponding reports and consults with the tenants at least once a year on what measures they can take to optimise their energy footprint.
Mixed Use Synergy Concept for Office Tenants
What’s special about One is that it conceptually integrates public and private uses: for the lower 14 floors, a long-term lease agreement has already been concluded with the NH Hotel Group, which is set to open a four-star superior hotel of the NH Hotel Group’s lifestyle brand nhow [we reported], previously not represented in Frankfurt.
The wide range of uses offers other advantages to office tenants, too: for example, the hotel will have a conference centre they can use, reducing the need to make provision for conferences and meetings within their own premises. The hotel restaurant is also available to office tenants.
One: A Role Model for Digitally Optimised Energy and Resource Management
In view of the digitalisation of work processes and the globalisation of business, fast and fail-safe internet access is also extremely important for a company’s economic success. This is why One has paid great attention to providing the best technical communication equipment. One was the first office building and high-rise in Germany to be given a WiredScore Platinum certification, meaning that it’s also a piOneer in connectivity and digital infrastructure [we reported].