Frankfurt: KPMG leases additional 5,000 sqm in “The Squaire”
KPMG has extended and expanded its lease agreement for the Frankfurt office and hotel complex “The Squaire” until 2028. The auditing company KPMG has leased another 5,000 sqm of office space for a new total of around 45,000 sqm. According to the property’s owner, Officefirst, The Squaire’s 143,000 sqm of total space and 95,000 sqm of office space are now almost completely occupied. Officefirst estimates an annual cash flow of €55mn, with a WALT of over ten years. The 660 m long and 35 m high complex was built on top of the Frankfurt Airport long-distance station in Frankfurt Airport City. The Hilton Group has signed long-term leases for the operation of two hotels. The Squaire is also home to retail stores and a medical center.
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