Frankfurt: Michelin leases 6,300 sqm in The Squaire
Michelin has signed a lease for about 6,300 sqm office space in “The Squaire” at Frankfurt airport. The tire manufacturer plans to open an office for 250 employees of Michelin Region Europe North. Among the occupants will be the marketing and sales units for all products and services, the editorial office for the “Guide Michelin” Germany and Switzerland, and parts of the central personnel, finance, communication, quality, and legal departments. Colliers International advised and brokered the lease exclusively for the tenant. Frankfurt Economic Development GmbH is supporting and advising Michelin with the move. The distinguished property is part of the portfolio of Blackstone subsidiary Officefirst. The move is scheduled for the spring of 2019. Around 1,100 employees will remain at the Michelin Germany headquarters in Karlsruhe.
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