Varma has made an investment in a Tishman Speyer led joint venture to acquire TaunusTurm, a core office asset located in Frankfurt's banking district. The leasable space of the building comprises of ca. 65,400 sqm of office, retail and residential space.
The 40-story asset has been developed by Tishman Speyer and was completed in 2014. TaunusTurm has been granted a LEED Platinum environmental certificate. The building is occupied by a number of tenants mainly from financial, legal and consulting sectors.
– Varma has been actively sourcing investment opportunities to diversify its real estate investments outside Finland. TaunusTurm is one of the leading office properties in Frankfurt – a city that shows healthy growth not only driven by the banking and financial sectors but also by media and technology sectors, says Ilkka Tomperi, Varma's Investment Director for real estate.
More information on TaunusTurm
Ilkka Tomperi, Investment Director, Real Estates, Varma, +358 50 379 1903
Hanna Leskelä, Communications Manager, Varma, +358 40 703 5164
Varma Mutual Pension Insurance Company is the most solvent earnings-related pension company and largest private investor in Finland. The company is responsible for the statutory earnings-related pension cover of some 860,000 people in the private sector. Premiums written totalled EUR 4.6 billion in 2015 and pension payments stood at EUR 5.2 billion. Varma's investment portfolio amounted to EUR 42.4 billion at the end of September 2016.